Eaton (ETN) 10-K 27 Feb 25 2024 FY Annual report Financial data

Cover Page

Cover Page - USD ($) shares in Millions, $ in Billions	12 Months Ended
	Dec. 31, 2024	Jan. 31, 2025	Jun. 30, 2024
Cover [Abstract]
Document Type	10-K
Document Annual Report	true
Current Fiscal Year End Date	--12-31
Document Period End Date	Dec. 31, 2024
Entity File Number	000-54863
Entity Registrant Name	EATON CORPORATION plc
Entity Incorporation, State or Country Code	L2
Entity Tax Identification Number	98-1059235
Entity Address, Address Line One	Eaton House,
Entity Address, Address Line Two	30 Pembroke Road,
Entity Address, City or Town	Dublin 4,
Entity Address, Country	IE
Entity Address, Postal Zip Code	D04 Y0C2
City Area Code	+353
Local Phone Number	1637 2900
Title of 12(b) Security	Ordinary shares ($0.01 par value)
Trading Symbol	ETN
Security Exchange Name	NYSE
Entity Well-known Seasoned Issuer	Yes
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Large Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
ICFR Auditor Attestation Flag	true
Document Financial Statement Error Correction [Flag]	false
Entity Shell Company	false
Entity Public Float			$ 124.8
Entity Common Stock, Shares Outstanding		392
Documents Incorporated by Reference	Portions of the Proxy Statement for the 2025 annual shareholders meeting are incorporated by reference into Part III.
Entity Central Index Key	0001551182
Amendment Flag	false
Document Fiscal Year Focus	2024
Document Fiscal Period Focus	FY
Document Transition Report	false

Audit Information

Audit Information	12 Months Ended
	Dec. 31, 2024
Audit Information [Abstract]
Auditor Name	Ernst & Young LLP
Auditor Location	Cleveland, Ohio
Auditor Firm ID	42

CONSOLIDATED STATEMENTS OF INCO

CONSOLIDATED STATEMENTS OF INCOME - USD ($) shares in Millions, $ in Millions	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Income Statement [Abstract]
Net sales	$ 24,878	$ 23,196	$ 20,752
Cost of products sold	15,375	14,762	13,865
Selling and administrative expense	4,077	3,795	3,227
Research and development expense	794	754	665
Interest expense - net	130	151	144
Gain on sale of business	0	0	24
Other income - net	(64)	(93)	(36)
Income before income taxes	4,566	3,827	2,911
Income tax expense	768	604	445
Net income	3,798	3,223	2,465
Less net income for noncontrolling interests	(4)	(5)	(4)
Net income attributable to Eaton ordinary shareholders	$ 3,794	$ 3,218	$ 2,462
Net income per share attributable to Eaton ordinary shareholders
Diluted (USD per share)	$ 9.50	$ 8.02	$ 6.14
Basic (USD per share)	$ 9.54	$ 8.06	$ 6.17
Weighted-average number of ordinary shares outstanding
Diluted (in shares)	399.4	401.1	400.8
Basic (in shares)	397.6	399.1	398.7
Cash dividends declared per ordinary share (USD per share)	$ 3.76	$ 3.44	$ 3.24

CONSOLIDATED STATEMENTS OF COMP

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Statement of Comprehensive Income [Abstract]
Net income	$ 3,798	$ 3,223	$ 2,465
Less net income for noncontrolling interests	(4)	(5)	(4)
Net income attributable to Eaton ordinary shareholders	3,794	3,218	2,462
Other comprehensive income (loss), net of tax
Currency translation and related hedging instruments	(370)	235	(647)
Pensions and other postretirement benefits	(49)	(185)	175
Cash flow hedges	(17)	(11)	159
Other comprehensive income (loss) attributable to Eaton ordinary shareholders	(436)	39	(313)
Total comprehensive income attributable to Eaton ordinary shareholders	$ 3,358	$ 3,257	$ 2,149

CONSOLIDATED BALANCE SHEETS

CONSOLIDATED BALANCE SHEETS - USD ($) $ in Millions	Dec. 31, 2024	Dec. 31, 2023
Current assets
Cash	$ 555	$ 488
Short-term investments	1,525	2,121
Accounts receivable - net	4,619	4,475
Inventory	4,227	3,739
Prepaid expenses and other current assets	874	851
Total current assets	11,801	11,675
Property, plant and equipment
Land and buildings	2,239	2,241
Machinery and equipment	6,823	6,497
Gross property, plant and equipment	9,062	8,738
Accumulated depreciation	(5,333)	(5,208)
Net property, plant and equipment	3,729	3,530
Other noncurrent assets
Goodwill	14,713	14,977
Other intangible assets	4,658	5,091
Operating lease assets	806	648
Deferred income taxes	609	458
Other assets	2,066	2,052
Total assets	38,381	38,432
Current liabilities
Short-term debt	0	8
Current portion of long-term debt	674	1,017
Accounts payable	3,678	3,365
Accrued compensation	670	676
Other current liabilities	2,835	2,680
Total current liabilities	7,857	7,747
Noncurrent liabilities
Long-term debt	8,478	8,244
Pension liabilities	741	768
Other postretirement benefits liabilities	164	180
Operating lease liabilities	669	533
Deferred income taxes	275	402
Other noncurrent liabilities	1,667	1,489
Total noncurrent liabilities	11,994	11,616
Shareholders’ equity
Ordinary shares (392.9 million outstanding in 2024 and 399.4 million in 2023)	4	4
Capital in excess of par value	12,731	12,634
Retained earnings	10,096	10,305
Accumulated other comprehensive loss	(4,342)	(3,906)
Shares held in trust	(1)	(1)
Total Eaton shareholders’ equity	18,488	19,036
Noncontrolling interests	43	33
Total equity	18,531	19,069
Total liabilities and equity	$ 38,381	$ 38,432

CONSOLIDATED BALANCE SHEETS (Pa

CONSOLIDATED BALANCE SHEETS (Parenthetical) - shares shares in Millions	Dec. 31, 2024	Dec. 31, 2023
Statement of Financial Position [Abstract]
Ordinary shares outstanding (in shares)	392.9	399.4

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Operating activities
Net income	$ 3,798	$ 3,223	$ 2,465
Adjustments to reconcile to net cash provided by operating activities
Depreciation and amortization	921	926	954
Deferred income taxes	(154)	(182)	(128)
Pension and other postretirement benefits expense	24	15	54
Contributions to pension plans	(110)	(113)	(116)
Contributions to other postretirement benefits plans	(18)	(20)	(24)
Gain on sale of business	0	0	(24)
Changes in working capital
Accounts receivable - net	(215)	(341)	(743)
Inventory	(566)	(282)	(490)
Accounts payable	399	256	334
Accrued compensation	21	197	(16)
Accrued income and other taxes	142	61	170
Other current assets	(79)	(112)	(179)
Other current liabilities	79	72	236
Other - net	85	(76)	40
Net cash provided by operating activities	4,327	3,624	2,533
Investing activities
Capital expenditures for property, plant and equipment	(808)	(757)	(598)
Proceeds from sales of property, plant and equipment	85	76	163
Cash paid for acquisition of businesses, net of cash acquired	(50)	0	(610)
Proceeds from (payments for) sale of business, net of cash sold	0	(2)	31
Investments in associate companies	(70)	(68)	(42)
Return of investment from associate companies	33	9	1
Sales (purchases) of short-term investments - net	575	(1,861)	(19)
Proceeds from (payments for) settlement of currency exchange contracts not designated as hedges - net	(3)	92	(47)
Other - net	(32)	(63)	(80)
Net cash used in investing activities	(271)	(2,575)	(1,200)
Financing activities
Proceeds from borrowings	1,084	818	1,995
Payments on borrowings	(1,015)	(19)	(2,012)
Short-term debt, net	(8)	(311)	317
Cash dividends paid	(1,500)	(1,379)	(1,299)
Exercise of employee stock options	69	78	28
Repurchase of shares	(2,492)	0	(286)
Employee taxes paid from shares withheld	(70)	(49)	(60)
Other - net	(4)	(9)	(23)
Net cash used in financing activities	(3,936)	(871)	(1,340)
Effect of currency on cash	(52)	16	4
Total increase (decrease) in cash	67	194	(3)
Cash at the beginning of the period	488	294	297
Cash at the end of the period	$ 555	$ 488	$ 294

CONSOLIDATED STATEMENTS OF SHAR

CONSOLIDATED STATEMENTS OF SHAREHOLDERS' EQUITY - USD ($) shares in Millions, $ in Millions	Total	Total Eaton shareholders' equity	Ordinary shares	Capital in excess of par value	Retained earnings	Accumulated other comprehensive loss	Shares held in trust	Noncontrolling interests
Balance at beginning of period (in shares) at Dec. 31, 2021			398.8
Balance at beginning of period at Dec. 31, 2021	$ 16,451	$ 16,413	$ 4	$ 12,449	$ 7,594	$ (3,633)	$ (1)	$ 38
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	2,465	2,462			2,462			4
Other comprehensive income (loss), net of tax	(313)	(313)				(313)
Cash dividends paid	(1,301)	(1,299)			(1,299)			(2)
Issuance of shares under equity-based compensation plans (in shares)			1.1
Issuance of shares under equity-based compensation plans	63	63		65	(2)
Changes in noncontrolling interest of consolidated subsidiaries - net	(3)	(1)		(1)				(2)
Repurchase of shares (in shares)			(2)
Repurchase of shares	(286)	(286)			(286)
Balance at end of period (in shares) at Dec. 31, 2022			397.8
Balance at end of period at Dec. 31, 2022	17,075	17,038	$ 4	12,512	8,468	(3,946)	(1)	38
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	3,223	3,218			3,218			5
Other comprehensive income (loss), net of tax	39	39				39
Cash dividends paid	(1,388)	(1,379)			(1,379)			(9)
Issuance of shares under equity-based compensation plans (in shares)			1.5
Issuance of shares under equity-based compensation plans	120	120		122	(2)
Changes in noncontrolling interest of consolidated subsidiaries - net	(1)							(1)
Balance at end of period (in shares) at Dec. 31, 2023			399.4
Balance at end of period at Dec. 31, 2023	19,069	19,036	$ 4	12,634	10,305	(3,906)	(1)	33
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	3,798	3,794			3,794			4
Other comprehensive income (loss), net of tax	(436)	(436)				(436)
Cash dividends paid	(1,502)	(1,500)			(1,500)			(2)
Issuance of shares under equity-based compensation plans (in shares)			1.3
Issuance of shares under equity-based compensation plans	94	94		96	(2)
Changes in noncontrolling interest of consolidated subsidiaries - net	8							8
Repurchase of shares (in shares)			(7.8)
Repurchase of shares	(2,500)	(2,500)			(2,500)
Balance at end of period (in shares) at Dec. 31, 2024			392.9
Balance at end of period at Dec. 31, 2024	$ 18,531	$ 18,488	$ 4	$ 12,731	$ 10,096	$ (4,342)	$ (1)	$ 43

SUMMARY OF SIGNIFICANT ACCOUNTI

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	12 Months Ended
	Dec. 31, 2024
Accounting Policies [Abstract]
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES General Information and Basis of Presentation Eaton Corporation plc (Eaton or the Company) is an intelligent power management company dedicated to protecting the environment and improving the quality of life for people everywhere. We make products for the data center, utility, industrial, commercial, machine building, residential, aerospace and mobility markets. We are guided by our commitment to operate sustainably and with the highest ethical standards. Our work is accelerating the planet’s transition to renewable energy sources, helping to solve the world’s most urgent power management challenges, and building a more sustainable society for people today and for future generations. Founded in 1911, Eaton has continuously evolved to meet the changing and expanding needs of our stakeholders. With revenues of nearly $25 billion in 2024, the Company serves customers in more than 160 countries. The consolidated financial statements of the Company have been prepared in accordance with generally accepted accounting principles in the United States. Preparation of the consolidated financial statements requires management to make estimates and assumptions that affect amounts reported in the consolidated financial statements and notes. Actual results could differ from these estimates. Management has evaluated subsequent events through the date the consolidated financial statements were filed with the Securities Exchange Commission. The consolidated financial statements include the accounts of Eaton and all subsidiaries and other entities it controls. Intercompany transactions and balances have been eliminated. The equity method of accounting is used for investments in associate companies where the Company has significant influence and generally a 20% to 50% ownership interest. Equity investments are evaluated for impairment whenever events or circumstances indicate the book value of the investment exceeds fair value. An impairment would exist if there is an other-than-temporary decline in value. Investments in associate companies included in Other assets on the Consolidated Balance Sheets were $872 million and $860 million as of December 31, 2024 and 2023, respectively. Income (loss) from these investments was $12 million, $20 million, and $(5) million for 2024, 2023 and 2022, respectively, and reported in Other income - net on the Consolidated Statements of Income. Eaton does not have off-balance sheet arrangements with unconsolidated entities. Eaton's reporting currency is United States Dollars (USD). The functional currency for most subsidiaries is their local currency. Financial statements for these subsidiaries are translated at exchange rates in effect at the balance sheet date as to assets and liabilities and weighted-average exchange rates as to revenues and expenses. The resulting translation adjustments are recognized in Accumulated other comprehensive loss. Monetary assets and liabilities denominated in currencies other than the functional currency of the subsidiary are remeasured to the functional currency at the exchange rate in effect at the balance sheet date. For subsidiaries operating in highly inflationary economies, non-monetary assets and liabilities such as inventory and property, plant and equipment and their related expenses are remeasured at historical exchange rates, while monetary assets and liabilities are remeasured at exchange rates in effect at the balance sheet date. Remeasurement adjustments for these subsidiaries are recognized in income. Gains from the remeasurement of foreign currency were $15 million, $27 million, and $67 million for 2024, 2023 and 2022, respectively, net of the impact of currency exchange contracts. Certain prior year amounts have been reclassified to conform to the current year presentation. Adoption of New Accounting Standard Eaton adopted Accounting Standards Update 2023-07, Segment Reporting (Topic 280): Improvements to Reportable Segment Disclosures, in the fourth quarter of 2024 on a retrospective basis. This accounting standard requires additional segment disclosures on an annual and interim basis, including significant segment expenses that are regularly provided to the chief operating decision maker. The standard does not change how operating segments and reportable segments are determined. The adoption of the standard did not have a material impact on the consolidated financial statements. Goodwill and Indefinite Life Intangible Assets Goodwill is evaluated annually for impairment as of July 1 using either a quantitative or qualitative analysis. Additionally, goodwill is evaluated for impairment whenever an event occurs or circumstances change that would indicate that it is more likely than not that the fair value of a reporting unit is less than its carrying amount. Goodwill is tested for impairment at the reporting unit level, and is based on the net assets for each reporting unit, including goodwill and intangible assets. The Company’s reporting units are equivalent to the reportable operating segments, except for the Aerospace segment which has two reporting units. Goodwill is assigned to each reporting unit, as this represents the lowest level that constitutes a business and is the level at which management regularly reviews the operating results. The Company performs a quantitative analysis using a discounted cash flow model and other valuation techniques, but may elect to perform a qualitative analysis. The annual goodwill impairment test was performed using a quantitative analysis in 2024, except for the Vehicle and eMobility reporting units which used a qualitative analysis in 2024. The annual goodwill impairment test was performed using a qualitative analysis in 2023, except for the Vehicle reporting unit which used a quantitative analysis in 2023. A qualitative analysis is performed by assessing certain trends and factors, including projected market outlook and growth rates, forecasted and actual sales and operating profit margins, discount rates, industry data, and other relevant qualitative factors. These trends and factors are compared to, and based on, the assumptions used in the most recent quantitative analysis performed for each reporting unit. The results of the qualitative analyses did not indicate a need to perform quantitative analysis. Quantitative analyses were performed by estimating the fair value of the reporting unit using a discounted cash flow model. The model includes estimates of future cash flows, future growth rates, terminal value amounts, and the applicable weighted-average cost of capital used to discount those estimated cash flows. The future cash flows were based on the Company's long-term operating plan and a terminal value was used to estimate the reporting unit's cash flows beyond the period covered by the operating plan. The weighted-average cost of capital is an estimate of the overall after-tax rate of return required by equity and debt market holders of a business enterprise. These analyses require the exercise of judgments, including judgments about appropriate discount rates, perpetual growth rates, revenue growth, and margin assumptions. Sensitivity analyses were performed around certain of these assumptions in order to assess the reasonableness of the assumptions and the resulting estimated fair values. Based on these analyses performed in 2024 and 2023, the fair value of Eaton's reporting units continue to substantially exceed their respective carrying amounts and thus, no impairment exists. Indefinite life intangible assets consist of certain trademarks. They are evaluated annually for impairment as of July 1 using either a quantitative or qualitative analysis to determine whether their fair values exceed their respective carrying amounts. Indefinite life intangible asset impairment testing for 2024 and 2023 was performed using a quantitative analysis. The Company determines the fair value of these assets using a royalty relief methodology similar to that employed when the associated assets were acquired, but using updated estimates of future sales, cash flows, and profitability. Additionally, indefinite life intangible assets are evaluated for impairment whenever an event occurs or circumstances change that would indicate that it is more likely than not that the asset is impaired. For 2024 and 2023, the fair value of indefinite lived intangible assets exceeded the respective carrying value. For additional information about goodwill and other intangible assets, see Note 6. Leases The Company determines if an arrangement is a lease at inception. Operating lease assets and liabilities are recognized at the commencement date of the lease based on the present value of lease payments over the lease term. Lease assets represent the Company’s right to use an underlying asset for the lease term and lease liabilities represent the Company’s obligation to make lease payments arising from the lease. As most leases do not provide an implicit interest rate, Eaton uses its incremental borrowing rate based on the information available at the lease commencement date in determining the present value of lease payments. The length of a lease term includes options to extend or terminate the lease when it is reasonably certain that the Company will exercise those options. The Company made an accounting policy election to not recognize lease assets or liabilities for leases with a term of 12 months or less. Additionally, when accounting for leases, the Company combines payments for leased assets, related services and other components of a lease. Other Long-Lived Assets Depreciation and amortization for property, plant and equipment, and intangible assets subject to amortization, are generally computed by the straight-line method and included in Cost of products sold, Selling and administrative expense, and Research and development expense, as appropriate. The Company uses the following depreciation and amortization periods: Category Estimated useful life or amortization period Buildings Generally 40 years Machinery and equipment 3 - 10 years Software 5 - 15 years Customer relationships, certain trademarks, and patents and technology Weighted-average of 18 years Other long-lived assets are reviewed for impairment whenever events or changes in circumstances indicate the carrying amount may not be recoverable. Upon indications of impairment, assets and liabilities are grouped at the lowest level for which identifiable cash flows are largely independent of the cash flows of other assets and liabilities. The asset group would be considered impaired when the estimated future net undiscounted cash flows generated by the asset group are less than its carrying value. Determining asset groups and underlying cash flows requires the use of significant judgment. Retirement Benefits Plans For the principal pension plans in the United States, Canada, Puerto Rico, and the United Kingdom, the Company uses a market-related value of plan assets to calculate the expected return on assets used to determine net periodic benefit costs. The market-related value of plan assets is a calculated value that recognizes changes in the fair value of plan assets over a five year period. All other plans use fair value of plan assets. Net actuarial gains or losses are amortized to expense on a plan-by-plan basis when they exceed the accounting corridor. The Company’s corridors are set at either 8% or 10%, depending on the plan, of the greater of the plan assets or benefit obligations. Gains or losses outside of the corridor are subject to amortization over an average employee future service period that differs by plan. If most or all of the plan’s participants are no longer actively accruing benefits, the average life expectancy is used. The amortization periods on a weighted average basis for United States and Non-United States pension plans are approximately 21 years and 10 years, respectively. The amortization period for other postretirement benefits plans is 8 years. Asset Retirement Obligations A conditional asset retirement obligation is recognized at fair value when incurred if the fair value of the liability can be reasonably estimated. Uncertainty about the timing or method of settlement of a conditional asset retirement obligation would be considered in the measurement of the liability when sufficient information exists. Eaton believes that for substantially all of its asset retirement obligations, there is an indeterminate settlement date because the range of time over which the Company may settle the obligation is unknown or cannot be estimated. A liability for these obligations will be recognized when sufficient information is available to estimate fair value. Income Taxes Deferred income tax assets and liabilities are determined based on the difference between the financial statement and tax basis of the respective assets and liabilities, using enacted tax rates in effect for the year when the differences are expected to reverse. Deferred income tax assets are recognized for income tax loss carryforwards and income tax credit carryforwards. Judgment is required in determining and evaluating income tax provisions and valuation allowances for deferred income tax assets. Eaton recognizes an income tax benefit from an uncertain tax position only if it is more likely than not that the tax position will be sustained on examination by taxing authorities, based on the technical merits of the position. Eaton evaluates and adjusts these accruals based on changing facts and circumstances. Eaton recognizes interest and penalties related to unrecognized income tax benefits in the provision for income tax expense. Eaton's policy is to recognize income tax effects from accumulated other comprehensive income when individual units of account are sold, terminated, or extinguished. For additional information about income taxes, see Note 12. Derivative Financial Instruments and Hedging Activities Eaton uses derivative financial instruments to manage the exposure to the volatility in raw material costs, currency, and interest rates on certain debt. These instruments are marked to fair value in the accompanying Consolidated Balance Sheets. Changes in the fair value of derivative assets or liabilities (i.e., gains or losses) are recognized depending upon the type of hedging relationship and whether an instrument has been designated as a hedge. For those instruments that qualify for hedge accounting, Eaton designates the hedging instrument, based upon the exposure being hedged, as a cash flow hedge, a fair value hedge, or a hedge of a net investment in a foreign operation. Changes in fair value of these instruments that do not qualify for hedge accounting are recognized immediately in net income. See Note 16 for additional information about hedges and derivative financial instruments. Recently Issued Accounting Pronouncements In December 2023, the Financial Accounting Standards Board (FASB) issued Accounting Standards Update 2023-09, Income Taxes (Topic 740): Improvements to Income Tax Disclosures (ASU 2023-09). This accounting standard requires disaggregated income tax disclosures on an annual basis, including information on the Company’s effective income tax rate reconciliation and income taxes paid. ASU 2023-09 is effective for annual reporting periods beginning after December 15, 2024, and may be applied prospectively or retrospectively. The Company is evaluating the impact of ASU 2023-09 and expects the standard will only impact its income taxes disclosures with no material impact to the consolidated financial statements.

ACQUISITIONS AND DIVESTITURE OF

ACQUISITIONS AND DIVESTITURE OF BUSINESSES	12 Months Ended
	Dec. 31, 2024
Business Combination, Asset Acquisition, and Joint Venture Formation [Abstract]
ACQUISITIONS AND DIVESTITURE OF BUSINESSES	ACQUISITIONS AND DIVESTITURE OF BUSINESSES Sale of Hydraulics business On August 2, 2021, Eaton completed the sale of the Hydraulics business to Danfoss A/S. As a result of the sale, the Company received $3.1 billion, net of cash sold, and recognized a pre-tax gain of $617 million in 2021. The Company finalized negotiations of post-closing adjustments with Danfoss A/S during the first quarter of 2022 and recognized an additional pre-tax gain of $24 million and received cash of $22 million from Danfoss A/S to fully settle all post-closing adjustments. Acquisition of Royal Power Solutions On January 5, 2022, Eaton acquired Royal Power Solutions for $610 million, net of cash received. Royal Power Solutions is a U.S. based manufacturer of high-precision electrical connectivity components used in electric vehicle, energy management, industrial and mobility markets. Royal Power Solutions is reported within the eMobility business segment. The acquisition of Royal Power Solutions has been accounted for using the acquisition method of accounting which requires the assets acquired and liabilities assumed be recognized at their respective fair values on the acquisition date. The final allocation as of the date of acquisition follows: (In millions) Final Allocation Accounts receivable $ 35 Inventory 46 Prepaid expenses and other current assets 1 Property, plant and equipment 31 Other intangible assets 341 Other assets 8 Accounts payable (25) Other current liabilities (14) Other noncurrent liabilities (68) Total identifiable net assets 355 Goodwill 255 Total consideration, net of cash received $ 610 Goodwill is calculated as the excess of the consideration transferred over the net assets recognized and represents the anticipated synergies of acquiring Royal Power Solutions. Goodwill recognized as a result of the acquisition is not deductible for tax purposes. The estimated fair values of the customer relationships, technology, trademarks, and other intangible assets of $230 million, $90 million, $16 million, and $5 million, respectively, were determined using either the relief-from-royalty model, the multi-period excess earnings model, or the lost income model, which are discounted cash flow models that rely on the Company's estimates. These estimates require judgment of future revenue growth rates, future margins, and the applicable weighted-average cost of capital used to discount those estimated cash flows. The estimated fair value of technology and trademark intangibles are also based on the selection of royalty rates used in the valuation model. The weighted-average cost of capital is an estimate of the overall after-tax rate of return required by equity and debt market holders of a business enterprise. The estimated useful lives for customer relationships, technology, trademarks, and other intangible assets were 17 years, 16 years, 15 years, and 2 years, respectively. See Note 6 for additional information about goodwill and other intangible assets. Eaton's 2022 consolidated financial statements include Royal Power Solutions' results of operations, including segment operating profit of $21 million on sales of $158 million, from the date of acquisition through December 31, 2022. Russia During the second quarter of 2022, in light of the ongoing war with Ukraine, the Company decided to exit its business operations in Russia and recorded charges of $29 million presented in Other income - net on the Consolidated Statements of Income. The charges consisted primarily of write-downs of accounts receivable, inventory and other assets, and accruals for severance. Acquisition of a 50% stake in Jiangsu Huineng Electric Co., Ltd’s circuit breaker business On July 1, 2022, Eaton acquired a 50% stake in Jiangsu Huineng Electric Co., Ltd’s circuit breaker business, which manufactures and markets low-voltage circuit breakers in China. Eaton accounts for this investment on the equity method of accounting and is reported within the Electrical Global business segment. Acquisition of a 49% stake in Jiangsu Ryan Electrical Co. Ltd. On April 23, 2023, Eaton acquired a 49 percent stake in Jiangsu Ryan Electrical Co. Ltd., a manufacturer of power distribution and sub-transmission transformers in China. Eaton accounts for this investment on the equity method of accounting and it is reported within the Electrical Global business segment. Acquisition of Exertherm On May 20, 2024, Eaton acquired Exertherm, a U.K.-based provider of thermal monitoring solutions for electrical equipment. Exertherm is reported within the Electrical Americas business segment. Acquisition of a 49% stake in NordicEPOD AS On May 31, 2024, Eaton acquired a 49 percent stake in NordicEPOD AS, which designs and assembles standardized power modules for data centers in the Nordic region. Eaton accounts for this investment on the equity method of accounting and it is reported within the Electrical Global business segment.

REVENUE RECOGNITION

REVENUE RECOGNITION	12 Months Ended
	Dec. 31, 2024
Revenue from Contract with Customer [Abstract]
REVENUE RECOGNITION	REVENUE RECOGNITION Sales are recognized when obligations under the terms of the contract are satisfied and control of promised goods or services have transferred to our customers. Control is transferred when the customer has the ability to direct the use of and obtain benefits from the goods or services. Sales are measured at the amount of consideration the Company expects to be paid in exchange for these products or services. The majority of the Company’s sales agreements contain performance obligations satisfied at a point in time when title and risk and rewards of ownership have transferred to the customer. Sales recognized over time are less than 5% of Eaton’s consolidated Net sales. Sales recognized over time are generally accounted for using an input measure to determine progress completed at the end of the period. Sales for service contracts generally are recognized as the services are provided. For agreements with multiple performance obligations, judgment is required to determine whether performance obligations specified in these agreements are distinct and should be accounted for as separate revenue transactions for recognition purposes. In these types of agreements, we generally allocate sales price to each distinct obligation based on the price of each item sold in separate transactions. Due to the nature of the work required to be performed for obligations recognized over time, Eaton estimates total costs by contract. The estimate of total costs are subject to judgment. Estimated amounts are included in the recognized sales price to the extent it is not probable that a significant reversal of cumulative sales will occur. Additionally, contracts can be modified to account for changes in contract specifications, requirements or sale price. The effect of a contract modification on the sales price or adjustments to the measure of completion under the input method are recognized as adjustments to revenue on a cumulative catch-up basis. Payment terms vary by the type and location of the customer and the products or services offered. Generally, the time between when revenue is recognized and when payment is due is not significant. Eaton does not evaluate whether the selling price includes a financing interest component for contracts that are less than a year. Sales, value added, and other taxes collected concurrent with revenue are excluded from Net sales. Shipping and handling costs are treated as fulfillment costs and are included in Cost of products sold. Eaton records reductions to sales for returns, and customer and distributor incentives, primarily comprised of rebates, at the time of the initial sale. Rebates are estimated based on sales terms, historical experience, trend analysis, and projected market conditions in the various markets served. The rebate programs offered vary across businesses due to the numerous markets Eaton serves, but the most common incentives relate to amounts paid or credited to customers for achieving defined volume levels. Accrued rebates of $361 million and $402 million as of December 31, 2024 and 2023, respectively, are generally paid annually and are included in Other current liabilities. Returns are estimated at the time of the sale primarily based on historical experience and are recorded gross on the Consolidated Balance Sheets. Sales commissions are expensed when the amortization period is less than a year and are generally not capitalized as they are typically earned at the completion of the contract when the customer is invoiced or when the customer pays Eaton. Sales of products and services varies by segment and are discussed in Note 19. In the Electrical Americas segment, sales contracts are primarily for electrical components, industrial components, power distribution and assemblies, residential products, single phase power quality and connectivity, three phase power quality, wiring devices, circuit protection, utility power distribution, power reliability equipment, and services that are primarily produced and sold in North and South America. The majority of the sales in this segment contain performance obligations satisfied at a point in time either when we ship the product from our facility, or when it arrives at the customer’s facility. However, certain power distribution and power quality services are recognized over time. In the Electrical Global segment, sales contracts are primarily for electrical components, industrial components, power distribution and assemblies, single phase and three phase power quality, and services that are primarily produced and sold outside of North and South America, as well as hazardous duty electrical equipment, emergency lighting, fire detection, intrinsically safe explosion-proof instrumentation, and structural support systems that are produced and sold globally. The majority of the sales contracts in this segment contain performance obligations satisfied at a point in time either when we ship the product from our facility, or when it arrives at the customer’s facility. However, certain power distribution and power quality services are recognized over time. In the Aerospace segment, sales contracts are primarily for aerospace fuel, hydraulics, and pneumatic systems for commercial and military use, as well as filtration systems for industrial applications. These sales contracts are primarily based on a customer’s purchase order, and frequently covered by terms and conditions included in a long-term agreement. In this segment, performance obligations are generally satisfied at a point in time either when we ship the product from our facility, or when it arrives at the customer’s facility. Our military contracts are primarily fixed-price contracts that are not subject to performance-based payments or progress payments from the customer. Many of the products and services in power distribution and power quality services in the Electrical Americas and Electrical Global business segments and contracts to develop new products that are fully funded by customers in the Aerospace business segment meet the definition of continuous transfer of control to customers and are recognized over time. These products are engineered to a customer’s design specifications, have no alternative use to Eaton, and are controlled by the customer as evidenced by the customer’s contractual ownership of the work in process or our right to payment for work performed to date plus a reasonable margin. As control is transferring over time, sales are recognized based on the extent of progress towards completion of the obligation. Eaton generally uses an input method to determine the progress completed and sales are recorded proportionally as costs are incurred. Incurred costs represent work performed, which corresponds with, and thereby best depicts, the transfer of control to the customer. In the Vehicle segment, sales contracts are primarily for drivetrains, powertrain systems and critical components that reduce emissions and improve fuel economy, stability, performance, and safety of cars, light trucks, and commercial vehicles. These sales contracts are primarily based on a customer’s purchase order or a blanket purchase order subject to firm releases, frequently covered by terms and conditions included in a master supply agreement. In this segment, performance obligations are generally satisfied at a point in time either when we ship the product from our facility, or when it arrives at the customer’s facility. In the eMobility segment, sales contracts are primarily for mechanical, electrical, and electronic components and systems that improve the power management and performance of both on-road and off-road vehicles. These sales contracts are primarily based on a customer’s purchase order. In this segment, performance obligations are generally satisfied at a point in time either when we ship the product from our facility, or when it arrives at the customer’s facility. In limited circumstances, primarily in the Electrical and Vehicle segments, Eaton sells separately-priced warranties that extend the warranty coverage beyond the standard coverage offered on specific products. Sales for these separately-priced warranties are recorded based on their stand-alone selling price and are recognized as revenue over the length of the warranty period. The following table provides disaggregated sales by lines of businesses, geographic destination, market channel or end market, as applicable, for the Company's operating segments: (In millions) 2024 2023 2022 Electrical Americas Products $ 3,009 $ 2,949 $ 2,732 Systems 8,426 7,149 5,765 Total $ 11,436 $ 10,098 $ 8,497 Electrical Global Products $ 3,493 $ 3,462 $ 3,424 Systems 2,755 2,622 2,424 Total $ 6,248 $ 6,084 $ 5,848 Aerospace Original Equipment Manufacturers $ 1,500 $ 1,350 $ 1,209 Aftermarket 1,312 1,183 977 Industrial and Other 931 878 854 Total $ 3,744 $ 3,413 $ 3,039 Vehicle Commercial $ 1,707 $ 1,784 $ 1,736 Passenger and Light Duty 1,083 1,180 1,094 Total $ 2,790 $ 2,965 $ 2,830 eMobility $ 662 $ 636 $ 538 Total net sales $ 24,878 $ 23,196 $ 20,752 The timing of revenue recognition, billings and cash collections results in billed accounts receivable, unbilled receivables (revenue recognized exceeds amount billed to the customer), and deferred revenue (advance payments and billings in excess of revenue recognized). Accounts receivable from customers were $4,079 million and $3,966 million at December 31, 2024 and 2023, respectively. Amounts are billed as work progresses in accordance with agreed-upon contractual terms, either at periodic intervals or upon achievement of contractual milestones. These assets and liabilities are reported on the Consolidated Balance Sheets on a contract-by-contract basis at the end of each reporting period. Unbilled receivables were $330 million and $289 million at December 31, 2024 and 2023, respectively, and are recorded in Prepaid expenses and other current assets. The increase in unbilled receivables reflects higher revenue recognized and not yet billed from increased business activity in 2024. Changes in the deferred revenue liabilities are as follows: (In millions) Deferred Revenue Balance at January 1, 2023 $ 508 Customer deposits and billings 2,368 Revenue recognized in the period (2,256) Translation 6 Balance at December 31, 2023 $ 626 Customer deposits and billings 2,719 Revenue recognized in the period (2,712) Translation (15) Balance at December 31, 2024 $ 618 Deferred revenue liabilities of $602 million and $610 million as of December 31, 2024 and 2023, respectively, were included in Other current liabilities on the Consolidated Balance Sheets with the remaining balance presented in Other noncurrent liabilities. A significant portion of open orders placed with Eaton are by original equipment manufacturers or distributors. These open orders are not considered firm as they have been historically subject to releases by customers. In measuring backlog of unsatisfied or partially satisfied obligations, only the amount of orders to which customers are firmly committed are included. Using this criterion, total backlog at December 31, 2024 was approximately $15.9 billion. At December 31, 2024, approximately 74% of this backlog is targeted for delivery to customers in the next twelve months and the rest thereafter.

CREDIT LOSSES FOR RECEIVABLES

CREDIT LOSSES FOR RECEIVABLES	12 Months Ended
	Dec. 31, 2024
Credit Loss [Abstract]
CREDIT LOSSES FOR RECEIVABLES	CREDIT LOSSES FOR RECEIVABLES Receivables are exposed to credit risk based on the customers’ ability to pay which is influenced by, among other factors, their financial liquidity position. Eaton’s receivables are generally short-term in nature with a majority outstanding less than 90 days. Eaton performs ongoing credit evaluation of its customers and maintains sufficient allowances for potential credit losses. The Company evaluates the collectability of its receivables based on the length of time the receivable is past due, and any anticipated future write-off based on historic experience adjusted for market conditions. The Company's segments, supported by our global credit department, perform the credit evaluation and monitoring process to estimate and manage credit risk. The process includes an evaluation of credit losses for both the overall segment receivable and specific customer balances. The process also includes review of customer financial information and credit ratings, approval and monitoring of customer credit limits, and an assessment of market conditions. The Company may also require prepayment from customers to mitigate credit risk. Receivable balances are written off against an allowance for credit losses after a final determination of collectability has been made. Accounts receivable are net of an allowance for credit losses of $55 million and $38 million at December 31, 2024 and 2023, respectively. The change in the allowance for credit losses includes expense and net write-offs, none of which are significant.

INVENTORY

INVENTORY	12 Months Ended
	Dec. 31, 2024
Inventory Disclosure [Abstract]
INVENTORY	INVENTORY Inventory is carried at lower of cost or net realizable value using the first-in, first-out (FIFO) method. Cost components include raw materials, purchased components, direct labor, indirect labor, utilities, depreciation, inbound freight charges, purchasing and receiving costs, and inspection costs. The components of inventory are as follows: December 31 (In millions) 2024 2023 Raw materials $ 1,614 $ 1,515 Work-in-process 1,038 870 Finished goods 1,576 1,354 Total inventory $ 4,227 $ 3,739

GOODWILL AND OTHER INTANGIBLE A

GOODWILL AND OTHER INTANGIBLE ASSETS	12 Months Ended
	Dec. 31, 2024
Goodwill and Intangible Assets Disclosure [Abstract]
GOODWILL AND OTHER INTANGIBLE ASSETS	GOODWILL AND OTHER INTANGIBLE ASSETS Changes in the carrying amount of goodwill by segment are as follows: (In millions) January 1, 2023 Translation December 31, 2023 Additions Translation December 31, 2024 Electrical Americas $ 7,402 $ 13 $ 7,415 $ 17 $ (35) $ 7,396 Electrical Global 3,929 109 4,038 — (196) 3,842 Aerospace 2,844 57 2,901 — (45) 2,856 Vehicle 287 2 289 — (4) 285 eMobility 334 1 334 — (1) 333 Total $ 14,796 $ 181 $ 14,977 $ 17 $ (281) $ 14,713 The 2024 additions to goodwill relate primarily to the anticipated synergies of acquiring Exertherm. The allocation of the Exertherm purchase price is preliminary and will be completed during the measurement period. A summary of other intangible assets is as follows: December 31 2024 2023 (In millions) Historical Accumulated Historical Accumulated Intangible assets not subject to amortization Trademarks $ 1,200 $ 1,207 Intangible assets subject to amortization Customer relationships $ 4,659 $ 2,577 $ 4,742 $ 2,423 Patents and technology 1,979 1,056 1,990 948 Trademarks 1,107 693 1,123 642 Other 169 131 176 133 Total intangible assets subject to amortization $ 7,915 $ 4,456 $ 8,031 $ 4,146 Amortization expense related to intangible assets subject to amortization in 2024, and estimated amortization expense for each of the next five years, is as follows: (In millions) 2024 $ 405 2025 396 2026 381 2027 372 2028 308 2029 271

SUPPLY CHAIN FINANCE PROGRAM

SUPPLY CHAIN FINANCE PROGRAM	12 Months Ended
	Dec. 31, 2024
Payables and Accruals [Abstract]
SUPPLY CHAIN FINANCE PROGRAM	SUPPLY CHAIN FINANCE PROGRAM The Company negotiates payment terms directly with its suppliers for the purchase of goods and services. In addition, a third-party financial institution offers a voluntary supply chain finance (SCF) program that enables certain of the Company’s suppliers, at the supplier’s sole discretion, to sell receivables due from the Company to the financial institution on terms directly negotiated with the financial institution. If a supplier elects to participate in the SCF program, the supplier decides which invoices are sold to the financial institution and the Company has no economic interest in a supplier’s decision to sell an invoice. Payments by the Company to participating suppliers are paid to the financial institution on the invoice due date, regardless of whether an individual invoice is sold by the supplier to the financial institution. The amounts due to the financial institution for suppliers that participate in the SCF program are included in Accounts payable The changes in SCF obligations are as follows: (In millions) SCF Obligations Balance at January 1, 2023 $ 219 Invoices confirmed during the period 1,339 Invoices paid during the period (1,185) Translation (4) Balance at December 31, 2023 $ 369 Invoices confirmed during the period 1,424 Invoices paid during the period (1,389) Translation (6) Balance at December 31, 2024 $ 398

LEASES

LEASES	12 Months Ended
	Dec. 31, 2024
Leases [Abstract]
LEASES	LEASES Eaton leases certain manufacturing facilities, warehouses, distribution centers, office space, vehicles, and equipment. Most real estate leases contain renewal options. The exercise of lease renewal options is at the Company's sole discretion. The Company's lease agreements typically do not contain any significant guarantees of asset values at the end of a lease or restrictive covenants. Payments within certain lease agreements are adjusted periodically for changes in an index or rate. The components of lease expense are as follows: (In millions) 2024 2023 2022 Operating lease cost $ 227 $ 200 $ 179 Finance lease cost: Amortization of lease assets 12 15 11 Interest on lease liabilities 1 1 1 Short-term lease cost 19 18 17 Variable lease cost 29 28 27 Sublease income (1) (1) (1) Total lease cost $ 287 $ 261 $ 234 During 2024, 2023 and 2022, Eaton entered into sale leaseback transactions primarily for certain non-production facilities and recorded gains of $56 million, $53 million and $81 million, respectively, in Other income - net. The terms of the new operating leases ranged from 5 to 20 years. Supplemental cash flow information related to leases is as follows: (In millions) 2024 2023 2022 Cash paid for amounts included in the measurement of lease liabilities: Operating cash outflows - payments on operating leases $ (200) $ (180) $ (159) Operating cash outflows - interest payments on finance leases (1) (1) (2) Financing cash outflows - payments on finance lease obligations (14) (18) (11) Lease assets obtained in exchange for new lease obligations, including leases acquired: Operating leases $ 268 $ 183 $ 245 Finance leases 13 38 10 Supplemental balance sheet information related to leases is as follows: December 31 (In millions) 2024 2023 Operating Leases Operating lease assets $ 806 $ 648 Other current liabilities 163 135 Operating lease liabilities 669 533 Total operating lease liabilities $ 832 $ 668 Finance Leases Land and buildings $ 5 $ 13 Machinery and equipment 61 62 Accumulated depreciation (37) (36) Net property, plant and equipment $ 29 $ 39 Current portion of long-term debt $ 9 $ 13 Long-term debt 19 22 Total finance lease liabilities $ 28 $ 35 December 31 2024 2023 Weighted-average remaining lease term Operating leases 7.1 years 7.6 years Finance leases 4.2 years 4.4 years Weighted-average discount rate Operating leases 4.4 % 4.0 % Finance leases 3.7 % 3.6 % Maturities of lease liabilities at December 31, 2024 are as follows: (In millions) Operating Leases Finance Leases 2025 $ 195 $ 10 2026 176 8 2027 149 6 2028 121 3 2029 78 2 Thereafter 266 3 Total lease payments 985 31 Less imputed interest 153 3 Total present value of lease liabilities $ 832 $ 28
LEASES	LEASES Eaton leases certain manufacturing facilities, warehouses, distribution centers, office space, vehicles, and equipment. Most real estate leases contain renewal options. The exercise of lease renewal options is at the Company's sole discretion. The Company's lease agreements typically do not contain any significant guarantees of asset values at the end of a lease or restrictive covenants. Payments within certain lease agreements are adjusted periodically for changes in an index or rate. The components of lease expense are as follows: (In millions) 2024 2023 2022 Operating lease cost $ 227 $ 200 $ 179 Finance lease cost: Amortization of lease assets 12 15 11 Interest on lease liabilities 1 1 1 Short-term lease cost 19 18 17 Variable lease cost 29 28 27 Sublease income (1) (1) (1) Total lease cost $ 287 $ 261 $ 234 During 2024, 2023 and 2022, Eaton entered into sale leaseback transactions primarily for certain non-production facilities and recorded gains of $56 million, $53 million and $81 million, respectively, in Other income - net. The terms of the new operating leases ranged from 5 to 20 years. Supplemental cash flow information related to leases is as follows: (In millions) 2024 2023 2022 Cash paid for amounts included in the measurement of lease liabilities: Operating cash outflows - payments on operating leases $ (200) $ (180) $ (159) Operating cash outflows - interest payments on finance leases (1) (1) (2) Financing cash outflows - payments on finance lease obligations (14) (18) (11) Lease assets obtained in exchange for new lease obligations, including leases acquired: Operating leases $ 268 $ 183 $ 245 Finance leases 13 38 10 Supplemental balance sheet information related to leases is as follows: December 31 (In millions) 2024 2023 Operating Leases Operating lease assets $ 806 $ 648 Other current liabilities 163 135 Operating lease liabilities 669 533 Total operating lease liabilities $ 832 $ 668 Finance Leases Land and buildings $ 5 $ 13 Machinery and equipment 61 62 Accumulated depreciation (37) (36) Net property, plant and equipment $ 29 $ 39 Current portion of long-term debt $ 9 $ 13 Long-term debt 19 22 Total finance lease liabilities $ 28 $ 35 December 31 2024 2023 Weighted-average remaining lease term Operating leases 7.1 years 7.6 years Finance leases 4.2 years 4.4 years Weighted-average discount rate Operating leases 4.4 % 4.0 % Finance leases 3.7 % 3.6 % Maturities of lease liabilities at December 31, 2024 are as follows: (In millions) Operating Leases Finance Leases 2025 $ 195 $ 10 2026 176 8 2027 149 6 2028 121 3 2029 78 2 Thereafter 266 3 Total lease payments 985 31 Less imputed interest 153 3 Total present value of lease liabilities $ 832 $ 28

DEBT

DEBT	12 Months Ended
	Dec. 31, 2024
Debt Disclosure [Abstract]
DEBT	DEBT A summary of long-term debt, including the current portion, is as follows: December 31 (In millions) 2024 2023 0.75% Euro notes due 2024 $ — $ 608 Floating rate Euro notes due 2024 — 332 6.50% debentures due 2025 145 145 0.70% Euro notes due 2025 520 553 0.128% Euro notes due 2026 935 995 3.10% senior notes due 2027 700 700 4.35% senior notes due 2028 500 500 7.65% debentures due 2029 200 200 0.577% Euro notes due 2030 624 663 3.601% Euro notes due 2031 520 — 4.00% senior notes due 2032 700 700 4.15% sustainability-linked senior notes due 2033 1,300 1,300 5.45% debentures due 2034 137 137 3.802% Euro notes due 2036 520 — 5.80% notes due 2037 240 240 4.15% senior notes due 2042 1,000 1,000 3.92% senior notes due 2047 300 300 4.70% senior notes due 2052 700 700 5.25% to 7.875% notes (maturities ranging from 2026 to 2035) 99 165 Other 13 25 Total long-term debt 9,152 9,261 Less current portion of long-term debt (674) (1,017) Long-term debt less current portion $ 8,478 $ 8,244 Substantially all these long-term debt instruments are fully and unconditionally guaranteed on an unsubordinated, unsecured basis by Eaton and certain of its direct and indirect subsidiaries (the Senior Notes). Further, as of December 31, 2024, all of these long-term debt instruments, except the 0.70% Euro notes due 2025, the 0.128% Euro notes due 2026, the 0.577% Euro notes due 2030, the 3.601% Euro notes due 2031, and the 3.802% Euro notes due 2036 are registered by Eaton Corporation under the Securities Act of 1933, as amended (the Registered Senior Notes). On May 21, 2024, a subsidiary of Eaton issued Euro denominated notes (2024 Euro Notes) with a face value of €1,000 million ($1,084 million), in accordance with Regulation S promulgated under the Securities Act of 1933, as amended. The 2024 Euro Notes are comprised of two tranches of €500 million each, which mature in 2031 and 2036, with interest payable annually at a respective rate of 3.601% and 3.802%. The issuer received proceeds totaling €995 million ($1,079 million) from the issuance, net of financing costs. The 2024 Euro Notes are fully and unconditionally guaranteed on an unsubordinated, unsecured basis by Eaton and certain of its direct and indirect subsidiaries. The 2024 Euro Notes contain customary optional redemption and par call provisions. The 2024 Euro Notes also contain a change of control provision which requires the Company to make an offer to purchase all or any part of the 2024 Euro Notes at a purchase price of 101% of the principal amount plus accrued and unpaid interest. The capitalized deferred financing fees are amortized in Interest expense - net over the respective terms of the 2024 Euro Notes. The 2024 Euro Notes are subject to customary non-financial covenants. On September 30, 2024, the Company replaced its existing $500 million 364-day revolving credit facility with a new $500 million 364-day revolving credit facility that will expire on September 29, 2025. The Company also has a $2,500 million five-year revolving credit facility that will expire on October 1, 2027. The revolving credit facilities totaling $3,000 million are used to support commercial paper borrowings and are fully and unconditionally guaranteed by Eaton and certain of its direct and indirect subsidiaries on an unsubordinated, unsecured basis. There were no borrowings outstanding under Eaton’s revolving credit facilities at December 31, 2024. The Company maintains access to the commercial paper markets through its $3,000 million commercial paper program, of which none was outstanding on December 31, 2024. In addition to the revolving credit facilities, the Company also had available lines of credit of $938 million from various banks primarily for the issuance of letters of credit, of which there was $420 million outstanding at December 31, 2024. Borrowings outside the United States are generally denominated in local currencies. There was no short-term debt outstanding at December 31, 2024. Short-term debt of $8 million at December 31, 2023 was entirely comprised of short-term debt outside the United States. Eaton is in compliance with each of its debt covenants for all periods presented. Maturities of long-term debt for each of the next five years are as follows: (In millions) 2025 $ 674 2026 1,015 2027 705 2028 503 2029 202 Interest paid on debt is as follows: (In millions) 2024 $ 329 2023 319 2022 250

RETIREMENT BENEFITS PLANS

RETIREMENT BENEFITS PLANS	12 Months Ended
	Dec. 31, 2024
Retirement Benefits [Abstract]
RETIREMENT BENEFITS PLANS	RETIREMENT BENEFITS PLANS Eaton has defined benefits pension plans and other postretirement benefits plans. Obligations and Funded Status United States Non-United States Other postretirement (In millions) 2024 2023 2024 2023 2024 2023 Funded status Fair value of plan assets $ 2,445 $ 2,604 $ 1,548 $ 1,633 $ 18 $ 17 Benefit obligations (2,700) (2,824) (1,863) (2,022) (196) (212) Funded status $ (255) $ (220) $ (315) $ (389) $ (178) $ (195) Amounts recognized in the Consolidated Other assets $ — $ — $ 231 $ 210 $ — $ — Other current liabilities (29) (18) (31) (33) (14) (15) Pension liabilities and Other postretirement (226) (202) (515) (566) (164) (180) Total $ (255) $ (220) $ (315) $ (389) $ (178) $ (195) Amounts recognized in Accumulated other Net actuarial loss (gain) $ 904 $ 867 $ 678 $ 649 $ (87) $ (92) Prior service cost (credit) 5 4 6 12 — (1) Total $ 909 $ 871 $ 684 $ 661 $ (87) $ (93) Change in Benefit Obligations United States Non-United States Other postretirement (In millions) 2024 2023 2024 2023 2024 2023 Balance at January 1 $ 2,824 $ 2,807 $ 2,022 $ 1,813 $ 212 $ 209 Service cost 18 19 46 43 1 1 Interest cost 134 142 85 85 10 10 Actuarial loss (gain) (20) 104 (82) 104 (11) 11 Gross benefits paid (258) (250) (121) (110) (29) (31) Currency translation — — (87) 85 (3) 1 Plan amendments 2 1 (3) (1) — — Other — — 3 3 16 11 Balance at December 31 $ 2,700 $ 2,824 $ 1,863 $ 2,022 $ 196 $ 212 Accumulated benefit obligation $ 2,686 $ 2,807 $ 1,766 $ 1,922 During 2020, the Company announced it was freezing its United States pension plans for its non-union employees. The freeze was effective January 1, 2021 for non-union U.S. employees whose retirement benefit was determined under a cash balance formula and is effective January 1, 2026 for non-union U.S. employees whose retirement benefit is determined under a final average pay formula. Actuarial gains related to changes in the United States and Non-United States benefit obligations in 2024 of $20 million and $82 million, respectively, were primarily due to increases in the discount rates used to measure the obligations. Actuarial losses related to changes in the United States and Non-United States benefit obligations in 2023 of $104 million and $104 million, respectively, were primarily due to decreases in the discount rates used to measure the obligations. Change in Plan Assets United States Non-United States Other postretirement (In millions) 2024 2023 2024 2023 2024 2023 Balance at January 1 $ 2,604 $ 2,635 $ 1,633 $ 1,486 $ 17 $ 16 Actual return on plan assets 84 203 (10) 86 1 1 Employer contributions 15 16 95 97 18 20 Gross benefits paid (258) (250) (121) (110) (29) (31) Currency translation — — (52) 71 — — Other — — 3 3 11 11 Balance at December 31 $ 2,445 $ 2,604 $ 1,548 $ 1,633 $ 18 $ 17 The components of pension plans with an accumulated benefit obligation in excess of plan assets at December 31 are as follows: United States Non-United States (In millions) 2024 2023 2024 2023 Accumulated benefit obligation $ 2,686 $ 2,807 $ 701 $ 742 Fair value of plan assets 2,445 2,604 209 203 The components of pension plans with a projected benefit obligation in excess of plan assets at December 31 are as follows: United States Non-United States (In millions) 2024 2023 2024 2023 Projected benefit obligation $ 2,700 $ 2,824 $ 772 $ 827 Fair value of plan assets 2,445 2,604 225 228 Other postretirement benefit plans with accumulated postretirement benefit obligations in excess of plan assets have been disclosed in the Obligations and Funded Status table. Changes in pension and other postretirement benefit liabilities recognized in Accumulated other comprehensive loss are as follows: United States Non-United States Other postretirement (In millions) 2024 2023 2024 2023 2024 2023 Balance at January 1 $ 871 $ 811 $ 661 $ 505 $ (93) $ (120) Prior service cost arising during the year 2 1 (3) (1) — — Net loss (gain) arising during the year 86 97 62 139 (7) 10 Currency translation — — (18) 29 — — Less amounts included in expense during the year (50) (38) (18) (11) 13 17 Net change for the year 38 60 23 156 6 27 Balance at December 31 $ 909 $ 871 $ 684 $ 661 $ (87) $ (93) Benefits Expense The components of retirement benefits expense (income) are as follows: United States Non-United States pension benefit expense Other postretirement (In millions) 2024 2023 2022 2024 2023 2022 2024 2023 2022 Service cost $ 18 $ 19 $ 27 $ 46 $ 43 $ 59 $ 1 $ 1 $ 1 Interest cost 134 142 117 85 85 47 10 10 7 Expected return on plan assets (190) (195) (204) (134) (121) (115) (1) (1) (1) Amortization 9 4 15 11 7 45 (13) (17) (7) (29) (30) (46) 8 14 37 (3) (7) — Settlements, curtailments, and special termination benefits 41 34 61 7 4 2 — — — Total expense (income) $ 12 $ 4 $ 15 $ 15 $ 18 $ 39 $ (3) $ (7) $ — The components of retirement benefits expense (income) other than service costs are included in Other income - net. Retirement Benefits Plans Assumptions In 2024, 2023 and 2022, for purposes of determining liabilities related to the majority of its plans in the United States, the Company used the Pri-2012 mortality tables as well as mortality tables that are based on the Company's own experience and generational improvement scales that are based on MP-2021. To estimate the service and interest cost components of net periodic benefit cost for the vast majority of its defined benefits pension and other postretirement benefits plans, the Company used a spot rate approach by applying the specific spot rates along the yield curve used to measure the benefit obligation at the beginning of the period to the relevant projected cash flows. Pension Plans United States Non-United States 2024 2023 2022 2024 2023 2022 Assumptions used to determine benefit obligation at year-end Discount rate 5.61 % 5.14 % 5.47 % 4.92 % 4.52 % 4.83 % Rate of compensation increase 3.32 % 3.40 % 3.33 % 3.16 % 3.17 % 3.12 % Interest rate used to credit cash balance plans 4.79 % 4.01 % 3.67 % 2.01 % 1.59 % 2.32 % Assumptions used to determine expense Discount rate used to determine benefit obligation 5.14 % 5.47 % 4.30 % 4.52 % 4.83 % 2.01 % Discount rate used to determine service cost 5.24 % 5.54 % 4.41 % 6.00 % 5.90 % 2.98 % Discount rate used to determine interest cost 4.98 % 5.33 % 3.94 % 4.47 % 4.80 % 1.84 % Expected long-term return on plan assets 6.50 % 6.50 % 6.50 % 6.79 % 6.32 % 5.70 % Rate of compensation increase 3.40 % 3.33 % 3.12 % 3.17 % 3.12 % 3.01 % Interest rate used to credit cash balance plans 4.01 % 3.67 % 2.62 % 1.59 % 2.32 % 0.56 % The expected long-term rate of return on pension assets was determined for each country and reflects long-term historical data taking into account each plan's target asset allocation. The expected long-term rates of return on pension assets for United States pension plans and Non-United States pension plans for 2025 are 7.00% and 6.63%, respectively. The discount rates were determined using appropriate bond data for each country. Other Postretirement Benefits Plans Substantially all of the obligation for other postretirement benefits plans relates to United States plans. Assumptions used to determine other postretirement benefits obligations and expense are as follows: Other postretirement 2024 2023 2022 Assumptions used to determine benefit obligation at year-end Discount rate 5.57 % 5.11 % 5.46 % Health care cost trend rate assumed for next year 6.70 % 7.70 % 7.10 % Ultimate health care cost trend rate 4.75 % 4.75 % 4.75 % Year ultimate health care cost trend rate is achieved 2034 2033 2031 Assumptions used to determine expense Discount rate used to determine benefit obligation 5.11 % 5.46 % 2.79 % Discount rate used to determine service cost 5.25 % 5.53 % 3.03 % Discount rate used to determine interest cost 4.96 % 5.32 % 2.24 % Initial health care cost trend rate 7.70 % 7.10 % 7.45 % Ultimate health care cost trend rate 4.75 % 4.75 % 4.75 % Year ultimate health care cost trend rate is achieved 2033 2031 2031 Employer Contributions to Retirement Benefits Plans Contributions to pension plans that Eaton expects to make in 2025, and made in 2024, 2023 and 2022, are as follows: (In millions) Expected in 2025 2024 2023 2022 United States plans $ 29 $ 15 $ 16 $ 30 Non-United States plans 72 95 97 85 Total contributions $ 101 $ 110 $ 113 $ 116 The following table provides the estimated pension and other postretirement benefit payments for each of the next five years, and the five years thereafter in the aggregate. For other postretirement benefits liabilities, the Company expects minor subsidy receipts related to the Medicare Prescription Drug, Improvement, and Modernization Act of 2003 that would reduce the estimated payments listed below. (In millions) Estimated Estimated Estimated other postretirement 2025 $ 291 $ 112 $ 16 2026 269 119 15 2027 254 118 19 2028 248 120 18 2029 236 126 17 2030 - 2034 1,049 669 78 Pension Plan Assets Investment policies and strategies are developed on a country and plan specific basis. The United States plan, representing 61% of worldwide pension assets, and the United Kingdom plans representing 25% of worldwide pension assets, are invested primarily in debt securities largely for liability hedging, as the majority of the assets are in plans that are well-funded. In general, the plans are primarily allocated to diversified high-quality publicly traded debt, primarily through separately managed accounts and commingled funds in the form of common collective and other trusts. The United States plan's target allocation is 15% United States equities, 7% non-United States equities, 3% public real estate (primarily equity of real estate investment trusts), 64% debt securities and 11% other, including private equity, private debt and cash equivalents. The United Kingdom plans' target asset allocations are 16% equities and the remainder in debt securities, cash equivalents and real estate investments. The equity risk for the plans is managed through broad diversification across industries, geographies, and levels of market capitalization. The majority of debt allocations for these plans are longer duration government and corporate debt. The United States, United Kingdom and Canada pension plans are authorized to use derivatives, including the use of futures, swaps and options, to achieve more economically desired market exposures. Fair Value Measurements Financial instruments included in pension and other postretirement benefits plan assets are categorized into a fair value hierarchy of three levels, based on the degree of subjectivity inherent in the valuation methodology are as follows: Level 1 - Quoted prices (unadjusted) for identical assets in active markets. Level 2 - Quoted prices for similar assets in active markets, and inputs that are observable for the asset, either directly or indirectly, for substantially the full term of the financial instrument. Level 3 - Unobservable prices or inputs. Certain investments that are measured at fair value using the net asset value per share practical expedient have not been categorized in the fair value hierarchy and are being presented in the tables to permit a reconciliation to total plan assets. Pension Plans A summary of the fair value of pension plan assets at December 31, 2024 and 2023, is as follows: (In millions) Total Quoted prices Other Unobservable inputs (Level 3) 1 2024 Common collective trusts Non-United States equity and global equities $ 241 $ — $ 241 $ — Fixed income 28 — 28 — Fixed income securities 1,582 — 1,582 — United States treasuries 461 453 8 — Real estate 212 63 25 124 Cash equivalents 83 55 28 — Exchange traded funds 91 91 — — Other 402 — 40 362 Common collective and other trusts measured at net asset value 978 Pending purchases and sales of plan assets, and interest (85) Total pension plan assets $ 3,993 $ 662 $ 1,952 $ 486 1 These pension plan assets include private equity, private credit and private real estate funds that generally have redemption notice periods of six months or longer and are often not eligible for redemption until the underlying assets are liquidated or distributed. The Company has unfunded commitments to these funds of approximately $128 million at December 31, 2024, which will be satisfied by a reallocation of pension plan assets. (In millions) Total Quoted prices Other Unobservable inputs (Level 3) 1 2023 Common collective trusts Non-United States equity and global equities $ 154 $ — $ 154 $ — United States equity 76 — 76 — Fixed income 115 — 115 — Fixed income securities 1,607 — 1,607 — United States treasuries 566 566 — — Real estate 291 65 27 199 Cash equivalents 36 14 22 — Exchange traded funds 84 84 — — Other 405 — 35 370 Common collective and other trusts measured at net asset value 968 Money market funds measured at net asset value 2 Pending purchases and sales of plan assets, and interest (67) Total pension plan assets $ 4,237 $ 729 $ 2,036 $ 569 1 These pension plan assets include private equity, private credit and private real estate funds that generally have redemption notice periods of six months or longer, and are often not eligible for redemption until the underlying assets are liquidated or distributed. The Company has unfunded commitments to these funds of approximately $154 million at December 31, 2023, which will be satisfied by a reallocation of pension plan assets. The fair value measurement of plan assets using significant unobservable inputs (Level 3) changed during 2024 and 2023 due to the following: (In millions) Real estate Other Total Balance at January 1, 2023 $ 199 $ 360 $ 559 Actual return on plan assets: Gains (losses) relating to assets still held at year-end 7 19 26 Purchases, sales, settlements - net (7) — (7) Transfers into or out of Level 3 — (9) (9) Balance at December 31, 2023 199 370 569 Actual return on plan assets: Gains (losses) relating to assets still held at year-end (24) 29 5 Purchases, sales, settlements - net (51) (37) (88) Transfers into or out of Level 3 — — — Balance at December 31, 2024 $ 124 $ 362 $ 486 Other Postretirement Benefits Plans A summary of the fair value of other postretirement benefits plan assets at December 31, 2024 and 2023, is as follows: (In millions) Total Quoted prices Other Unobservable 2024 Cash equivalents $ 3 $ 3 $ — $ — Common collective and other trusts measured at net asset value 15 Total other postretirement benefits plan assets $ 18 $ 3 $ — $ — (In millions) Total Quoted prices Other Unobservable 2023 Cash equivalents $ 2 $ 2 $ — $ — Common collective and other trusts measured at net asset value 15 Total other postretirement benefits plan assets $ 17 $ 2 $ — $ — Valuation Methodologies Following is a description of the valuation methodologies used for pension and other postretirement benefits plan assets measured at fair value. There have been no changes in the methodologies used at December 31, 2024 and 2023. Common collective and other trusts - Valued at the net unit value of units held by the trust at year end. The unit value is determined by the total value of fund assets divided by the total number of units of the fund owned. The equity investments in collective trusts are predominantly in index funds for which the underlying securities are actively traded in public markets based upon readily measurable prices. The investments in other trusts are predominantly in exchange traded funds for which the underlying securities are actively traded in public markets based upon readily measurable prices. Common collective and other trusts measured at fair value using the net asset value per share practical expedient have not been categorized in the fair value hierarchy and are being presented in the tables above to permit a reconciliation of the fair value hierarchy to the total plan assets. Fixed income securities - These securities consist of publicly traded United States and non-United States fixed interest obligations (principally corporate and government bonds and debentures). The fair value of corporate and government debt securities is determined through third-party pricing models that consider various assumptions, including time value, yield curves, credit ratings, and current market prices. The Company verifies the results of trustees or custodians and evaluates the pricing classification of these securities by performing analyses using other third-party sources. United States treasuries - Valued at the closing price of each security. Real estate - Consists of direct investments in the stock of publicly traded companies and investments in pooled funds that invest directly in real estate. The publicly traded companies are valued based on the closing price reported in an active market on which the individual securities are traded and as such are classified as Level 1. The pooled funds rely on appraisal-based valuations and as such are classified as Level 3. Cash equivalents - Primarily certificates of deposit, commercial paper, and repurchase agreements. Exchange traded funds - Valued at the closing price of the exchange traded fund's shares. Money market funds - Money market funds measured at fair value using the net asset value per share practical expedient have not been categorized in the fair value hierarchy and are being presented in the tables above to permit a reconciliation of the fair value hierarchy to the total plan assets. Other - These assets consist of private equity, private debt, insurance contracts primarily for international plans, futures contracts, and over-the-counter options. Investments in private equity and private debt are valued at net asset value or estimated fair value based on quarterly financial information received from the investment advisor, third party appraisal or general partner. These estimates incorporate factors such as contributions and distributions, market transactions, market comparables and performance multiples. Futures contracts and options are valued based on the closing prices of contracts or indices as available using third-party sources. For additional information regarding fair value measurements, see Note 15. Defined Contribution Plans The Company has various defined contribution benefit plans, primarily consisting of the plans in the United States. The total contributions related to these plans are charged to expense and are as follows: (In millions) 2024 $ 220 2023 201 2022 182

COMMITMENTS AND CONTINGENCIES

COMMITMENTS AND CONTINGENCIES	12 Months Ended
	Dec. 31, 2024
Commitments and Contingencies Disclosure [Abstract]
COMMITMENTS AND CONTINGENCIES	COMMITMENTS AND CONTINGENCIES Legal Contingencies Eaton is subject to a broad range of claims, administrative and legal proceedings such as lawsuits that relate to contractual allegations and indemnity claims, tax audits, patent infringement, personal injuries, antitrust matters, and employment-related matters. Eaton is also subject to legal claims from historic products which may have contained asbestos. Insurance may cover some of the costs associated with these claims and proceedings. Although it is not possible to predict with certainty the outcome or cost of these matters, the Company believes they will not have a material adverse effect on the consolidated financial statements. Environmental Contingencies Eaton has established policies to ensure that its operations are conducted in keeping with good corporate citizenship and with a positive commitment to the protection of the natural and workplace environments. The Company requires that its businesses be certified to ISO 14001, an international standard for environmental management systems. The Company routinely reviews EHS performance at each of its manufacturing facilities and continuously strives to improve its environmental footprint, including carbon, waste, water and related operational profiles consistent with our sustainability goals. Eaton is involved in remedial response and voluntary environmental remediation at a number of sites, including certain of its currently-owned or formerly-owned plants. The Company has also been named a potentially responsible party under the United States federal Superfund law, or the state equivalents thereof, at a number of disposal sites. The Company became involved in these sites as a result of government action or in connection with business acquisitions. At the end of 2024, the Company was involved with a total of 108 sites worldwide, including the Superfund sites mentioned above, with none of these sites being individually significant to the Company. Remediation activities, generally involving soil and/or groundwater contamination, include pre-cleanup activities such as fact finding and investigation, risk assessment, feasibility study, design and action planning, performance (where actions may range from monitoring, to removal of contaminants, to installation of longer-term remediation systems), and operation and maintenance of a remediation system. The extent of expected remediation activities and costs varies by site. A number of factors affect the cost of environmental remediation, including the number of parties involved at a particular site, the determination of the extent of contamination, the length of time the remediation may require, the complexity of environmental regulations, and the continuing advancement of remediation technology. Taking these factors into account, Eaton has estimated the costs of remediation, which will be paid over a period of years. The Company accrues an amount on an undiscounted basis, consistent with the estimates of these costs, when it is probable that a liability has been incurred. Actual results may differ from these estimates. At December 31, 2024 and 2023, the Company had an accrual totaling $70 million and $71 million, respectively, for these costs. Based upon Eaton's analysis and subject to the difficulty in estimating these future costs, the Company expects that any sum it may be required to pay in connection with environmental matters is not reasonably possible to exceed the recorded liability by an amount that would have a material effect on its financial position, results of operations or cash flows. Warranty Accruals Product warranty accruals are established at the time the related sale is recognized through a charge to Cost of products sold. Warranty accrual estimates are based primarily on historical warranty claim experience and specific customer contracts. Provisions for warranty accruals are comprised of basic warranties for products sold, as well as accruals for product recalls and other events when they are known and estimable. A summary of the current and long-term warranty accruals is as follows: (In millions) 2024 2023 2022 Balance at January 1 $ 136 $ 125 $ 125 Provision 81 100 83 Settled (65) (91) (81) Other (3) 2 (2) Balance at December 31 $ 150 $ 136 $ 125

INCOME TAXES

INCOME TAXES	12 Months Ended
	Dec. 31, 2024
Income Tax Disclosure [Abstract]
INCOME TAXES	INCOME TAXES Eaton Corporation plc is domiciled in Ireland. Income (loss) before income taxes and income tax expense (benefit) are summarized below based on the geographic location of the operation to which such earnings and income taxes are attributable. Income (loss) before income taxes (In millions) 2024 2023 2022 Ireland $ 183 $ (3) $ 198 Foreign 4,383 3,830 2,713 Total income before income taxes $ 4,566 $ 3,827 $ 2,911 Income tax expense (benefit) (In millions) 2024 2023 2022 Current Ireland $ 128 $ 42 $ 3 Foreign 794 744 570 Total current income tax expense 922 786 573 Deferred Ireland (16) 1 13 Foreign (138) (183) (141) Total deferred income tax expense (benefit) (154) (182) (128) Total income tax expense $ 768 $ 604 $ 445 Reconciliations of income taxes from the Ireland national statutory rate of 25% to the consolidated effective income tax rate are as follows: 2024 2023 2022 Income taxes at the applicable statutory rate 25.0 % 25.0 % 25.0 % Ireland operations Ireland tax on trading income (0.9) % (1.3) % (1.3) % Nondeductible interest expense 0.9 % 2.6 % 1.0 % Ireland Other - net 1.2 % (0.2) % (0.5) % Foreign operations Earnings taxed at other than the applicable statutory tax rate (6.7) % (9.9) % (10.2) % Other items (0.2) % 2.2 % 1.6 % Worldwide operations Adjustments to tax liabilities 0.1 % (0.2) % (0.4) % Adjustments to valuation allowances (2.6) % (2.4) % 0.1 % Effective income tax expense rate 16.8 % 15.8 % 15.3 % During 2024, income tax expense of $768 million was recognized (an effective tax rate of 16.8%) compared to income tax expense of $604 million in 2023 (an effective tax rate of 15.8%) and income tax expense of $445 million in 2022 (an effective tax rate of 15.3%). The increase in the effective tax rate from 15.8% in 2023 to 16.8% in 2024 was due to greater levels of income earned in higher tax jurisdictions, partially offset by a larger impact from the excess tax benefits recognized for employee share-based payments and the reduction of valuation allowances on foreign tax attributes. The increase in the effective tax rate from 15.3% in 2022 to 15.8% in 2023 was due to greater levels of income earned in higher tax jurisdictions, partially offset by the reduction of valuation allowances on foreign tax attributes. No provision has been made for income taxes on undistributed earnings of foreign subsidiaries of approximately $33.1 billion at December 31, 2024, since it is the Company's intention to indefinitely reinvest undistributed earnings of its foreign subsidiaries. The Company expects to deploy capital to those markets which offer particularly attractive growth opportunities. The cash that is permanently reinvested is typically used to expand operations either organically or through acquisitions. It is not practicable to estimate the additional income taxes and applicable withholding taxes that would be payable on the remittance of such undistributed earnings. Worldwide income tax payments, net of tax refunds, are as follows: (In millions) 2024 $ 752 2023 727 2022 393 Deferred Income Tax Assets and Liabilities Components of noncurrent deferred income taxes are as follows: December 31 2024 2023 (In millions) Noncurrent assets and liabilities Accruals and other adjustments Employee benefits $ 295 $ 328 Depreciation and amortization (791) (929) Other accruals and adjustments 460 408 Ireland income tax loss carryforwards 1 2 Foreign income tax loss carryforwards 3,674 3,878 Foreign income tax credit carryforwards 252 247 Valuation allowance for income tax loss and income tax credit carryforwards (3,556) (3,828) Other valuation allowances — (50) Total deferred income taxes $ 334 $ 56 At December 31, 2024, Eaton Corporation plc and its foreign subsidiaries had income tax loss carryforwards and income tax credit carryforwards that are available to reduce future taxable income or tax liabilities. These carryforwards and their respective expiration dates are summarized below: (In millions) 2025 2030 2035 2040 Not Ireland income tax loss carryforwards $ — $ — $ — $ — $ 9 $ — Ireland deferred income tax assets for income tax loss — — — — 1 (1) Foreign income tax loss carryforwards 40 462 11,172 122 5,627 — Foreign deferred income tax assets for income tax loss carryforwards 11 112 2,670 30 853 (3,417) Foreign deferred income tax assets for income tax loss carryforwards after ASU 2013-11 10 112 2,670 30 852 (3,417) Foreign income tax credit carryforwards 176 39 35 4 40 (138) Foreign income tax credit carryforwards after ASU 2013-11 145 31 32 4 40 (138) Recoverability of Deferred Income Tax Assets Eaton is subject to the income tax laws in the jurisdictions in which it operates. In order to determine its income tax provision for financial statement purposes, Eaton must make significant estimates and judgments about its business operations in these jurisdictions. These estimates and judgments are also used in determining the deferred income tax assets and liabilities that have been recognized for differences between the financial statement and income tax basis of assets and liabilities, and income tax loss carryforwards and income tax credit carryforwards. Management evaluates the realizability of deferred income tax assets for each of the jurisdictions in which it operates. If the Company experiences cumulative pre-tax income in a particular jurisdiction in the three-year period including the current and prior two years, management normally concludes that the deferred income tax assets will more likely than not be realizable and no valuation allowance is recognized, unless known or planned operating developments, or changes in tax laws, would lead management to conclude otherwise. However, if the Company experiences cumulative pre-tax losses in a particular jurisdiction in the three-year period including the current and prior two years, management then considers a series of factors in the determination of whether the deferred income tax assets can be realized. These factors include historical operating results, known or planned operating developments, the period of time over which certain temporary differences will reverse, consideration of the utilization of certain deferred income tax liabilities, carryback capability under the tax law in the particular country, prudent and feasible tax planning strategies, changes in tax laws, and estimates of future earnings and taxable income using the same assumptions as those used for the Company's goodwill and other impairment testing. After evaluation of these factors, if the deferred income tax assets are expected to be realized within the tax carryforward period allowed for that specific country, management would conclude that no valuation allowance would be required. To the extent that the deferred income tax assets exceed the amount that is expected to be realized within the tax carryforward period for a particular jurisdiction, management would establish a valuation allowance. Applying the above methodology, valuation allowances have been established for certain deferred income tax assets to the extent they are not expected to be realized within the particular tax carryforward period. Unrecognized Income Tax Benefits A summary of gross unrecognized income tax benefits is as follows: (In millions) 2024 2023 2022 Balance at January 1 $ 1,300 $ 1,235 $ 1,120 Increases and decreases as a result of positions taken during prior years Other increases, including currency translation 22 42 36 Other decreases, including currency translation (22) (5) (16) Increases related to acquired businesses — — 10 Increases as a result of positions taken during the current year 93 86 97 Decreases relating to settlements with tax authorities (18) (6) — Decreases as a result of a lapse of the applicable statute of limitations (14) (52) (12) Balance at December 31 $ 1,361 $ 1,300 $ 1,235 Eaton recognizes an income tax benefit from an uncertain tax position only if it is more likely than not that the benefit would be sustained upon examination by taxing authorities, based on the technical merits of the position. The Company evaluates and adjusts the amount of unrecognized income tax benefits based on changes in facts and circumstances. The Company does not enter into any of the United States Internal Revenue Service (IRS) Listed Transactions as set forth in Treasury Regulation 1.6011-4. If all unrecognized income tax benefits were recognized, the net impact on the provision for income tax expense would be $936 million. As of December 31, 2024 and 2023, Eaton had accrued approximately $225 million and $188 million, respectively, for the payment of worldwide interest and penalties, which are not included in the table of unrecognized income tax benefits above. Eaton recognizes interest and penalties related to unrecognized income tax benefits in the provision for income tax expense. The resolution of the majority of Eaton's unrecognized income tax benefits is dependent upon uncontrollable factors such as the timing of finalizing resolutions of audit disputes through reaching settlement agreements or concluding litigation, or changes in law. Therefore, for the majority of Eaton’s unrecognized income tax benefits, it is not reasonably possible to estimate the increase or decrease in the next 12 months. For each of the unrecognized income tax benefits where it is possible to estimate the increase or decrease in the balance within the next 12 months, the Company does not anticipate any significant change. The Company believes that the final resolution of all the assessments discussed below will not have a material impact on its consolidated financial statements. The ultimate outcome of these matters cannot be predicted with certainty given the complex nature of tax controversies. Should the ultimate outcome of any one of these matters deviate from our reasonable expectations, final resolution may have a material adverse impact on the Company’s consolidated financial statements. However, Eaton believes that its interpretations of tax laws and application of tax laws to its facts are correct, and that its accrual of unrecognized income tax benefits is appropriate with respect to these matters. Eaton or its subsidiaries file income tax returns in Ireland and many countries around the world. With only a few exceptions, Eaton and its subsidiaries are no longer subject to examinations for years before 2014. Brazil Tax Years 2005-2012 The Company has two Brazilian tax cases primarily relating to the amortization of certain goodwill generated from the acquisition of third-party businesses and corporate reorganizations. One case involves tax years 2005-2008 (Case 1), and the other involves tax years 2009-2012 (Case 2). Case 2 is proceeding on a more accelerated timeline than Case 1. For Case 2, the Company received a tax assessment in 2014 that included interest and penalties. In November 2019, the Company received an unfavorable result at the final tax administrative appeals level, resulting in an alleged tax deficiency of $21 million plus $100 million of interest and penalties (translated at the December 31, 2024 exchange rate). The Company is challenging this assessment in the judicial system and, on April 18, 2022, received an unfavorable decision at the first judicial level. On April 27, 2022, the Company filed a motion for clarification relating to that decision. On May 20, 2022, the court largely upheld its prior decision without further clarification. On June 9, 2022, the Company filed its notice of appeal to the second level court. On July 11, 2024, the court published a favorable decision resulting in the cancellation of an additional 75% penalty imposed by the tax authorities. As a result of the favorable decision, the alleged interest and penalties was reduced from $100 million to $71 million (translated at the December 31, 2024 exchange rate). The Company intends to continue its challenge of the assessment in the judicial system. As previously disclosed for Case 1, the Company received a separate tax assessment alleging a tax deficiency of $27 million plus $99 million of interest and penalties (translated at the December 31, 2024 exchange rate), which the Company is challenging in the judicial system. On April 4, 2024, the court published a favorable decision resulting in a reduction to the Case 1 assessment for the goodwill generated from the acquisition of a third-party business. In the same decision, the court confirmed the cancellation of an additional 75% penalty imposed by the tax authorities. As a result of the favorable decision, the alleged tax deficiency was reduced to $25 million plus $79 million of interest and penalties (translated at the December 31, 2024 exchange rate). The remainder of Case 1 is still pending resolution at the first judicial level. Both cases are expected to take several years to resolve through the Brazilian judicial system and require provision of certain assets as security for the alleged deficiencies. As of December 31, 2024, the Company pledged Brazilian real estate assets with net book value of $16 million and provided additional security in the form of bank secured bonds and insurance bonds totaling $114 million and a cash deposit of $22 million (translated at the December 31, 2024 exchange rate). United States Tax Disputes The IRS typically audits large corporate taxpayers on a continuous basis, generally resulting in many open tax years if there are disputed tax positions upon completion of the audits. The IRS has completed its examination of the consolidated income tax returns of the Company’s United States subsidiaries (Eaton US) for 2007 through 2016 and the statuses of the various tax years are discussed below. The IRS has challenged certain tax positions of Eaton US, and the Company is attempting to resolve those issues in litigation and the IRS administrative process, as described in more detail below. The IRS is currently examining tax years 2017 through 2019, and the statute of limitations for those years is open until June 30, 2026. Tax years 2020 and later are subject to future examination by the IRS. Income tax returns of states and localities within the United States will be reopened to the extent of United States federal income tax adjustments. For some states and localities, the statute of limitations is open as early as the 2007 tax year. The Eaton US tax positions challenged by the IRS are items that recur beyond the tax years for which the IRS has proposed adjustments. Eaton believes that its interpretations of tax laws and application of tax laws to its facts are correct. However, if there is a final unfavorable resolution of any of the issues discussed below, it may have a material adverse impact on the Company’s consolidated financial statements. U.S. Tax Years 2007-2010 In 2014, the IRS issued a Statutory Notice of Deficiency for Eaton US for the 2007 through 2010 tax years (the 2007-10 Notice), which Eaton US contested in Tax Court. The 2007-10 Notice proposed assessments of $190 million in additional taxes plus $72 million in penalties, net of agreed credits and deductions. The proposed assessments pertained to: (i) transfer pricing adjustments for products manufactured in the Company's facilities in Puerto Rico and the Dominican Republic and sold to affiliated companies located in the United States, and (ii) the separate proposed assessment noted below. The proposed assessment in the 2007-10 Notice for transfer pricing adjustments has been resolved in Tax Court. Eaton US set its transfer prices for products sold between these affiliates at the same prices that Eaton US sells such products to third parties as required by two successive Advance Pricing Agreements (APAs) Eaton US entered into with the IRS that governed the 2005-2010 tax years. Eaton US has continued to apply the APA pricing methodology for 2011 through the current reporting period. In 2011, the IRS sent a letter to Eaton stating that it was retrospectively canceling the APAs. The issue in Tax Court involved whether the IRS improperly cancelled the APAs. On July 26, 2017, the Tax Court issued a ruling in which it agreed with Eaton US that the IRS must abide by the terms of the APAs for the tax years 2005-2006. On May 24, 2021, the IRS filed a notice to appeal the Tax Court’s ruling to the United States Sixth Circuit Court of Appeals. In July 2022, the Sixth Circuit panel heard oral arguments, and on August 25, 2022, issued a ruling in favor of Eaton US, confirming that the IRS must abide by the terms of the APAs. The Sixth Circuit Court of Appeals ruling for tax years 2005-2006 also resolved the APA cancellation issue for the 2007-2010 years. The ruling on the APA issue did not have a material impact on Eaton’s consolidated financial statements. Eaton and the IRS recognized that the ruling on the enforceability of the APA did not address a secondary issue regarding the transfer pricing for a certain royalty paid from 2006-2010. On November 15, 2023, the IRS also agreed to use the royalty rate reported by Eaton for the 2007-2010 tax years. On October 21, 2024, the IRS confirmed to the Tax Court that the Company was not liable for penalties related to the APA cancellation issue. The 2007-10 Notice also included a separate proposed assessment involving the recognition of income for several of Eaton US’s controlled foreign corporations. The Company believes that the proposed assessment is without merit and contested the matter in Tax Court. In October 2017, Eaton and the IRS both moved for partial summary judgment on this issue. On February 25, 2019, the Tax Court granted the IRS’s motion for partial summary judgment and denied Eaton’s. The Company intends to appeal the Tax Court’s partial summary judgment decision to the United States Sixth Circuit Court of Appeals. The total potential impact of the Tax Court's partial summary judgment decision on the controlled foreign corporation income recognition issue is not estimable until all matters in the open tax years have been resolved. U.S. Tax Years 2011-2013 In 2018, the IRS completed its examination of Eaton US for tax years 2011 through 2013 and proposed adjustments. Those adjustments were the subject of administrative appeals, which concluded without resolution. As a result, on December 21, 2022, the IRS issued Statutory Notices of Deficiency for Eaton US for these tax years (the 2011-2013 Notice) proposing assessments of $749 million in additional taxes plus $110 million in penalties, net of agreed credits and deductions. The proposed assessments pertain to: (i) transfer pricing adjustments similar to those proposed in the 2007-10 Notice for products manufactured in the Company’s facilities in Puerto Rico and the Dominican Republic and sold to affiliated companies located in the U.S.; (ii) adjustments involving the recognition of income for several of Eaton US’s controlled foreign corporations; (iii) transfer pricing adjustments for products manufactured in one of the Company’s facilities in Mexico and sold to affiliated companies located in the U.S.; and (iv) adjustments challenging the appropriate interest rate on intercompany debt and amount of intercompany fees charged for financial guarantees on external debt. On March 3, 2023, the Company filed its petition to the U.S. Tax Court. The Company will vigorously defend its positions through litigation, which will take several years for final resolution. U.S. Tax Years 2014-2016 In 2021, the IRS completed its examination of Eaton US for tax years 2014 through 2016 and has proposed adjustments, including: (i) transfer pricing adjustments similar to those proposed in the 2007-10 and 2011-2013 Notices for products manufactured in the Company’s facilities in Puerto Rico, and the Dominican Republic and sold to affiliated companies located in the U.S.; (ii) transfer pricing adjustments similar to those proposed in the 2011-2013 Notice for products manufactured in one of the Company’s facilities in Mexico and sold to affiliated companies located in the U.S.; and (iii) adjustments similar to those proposed in the 2011-2013 Notice challenging the appropriate interest rate on intercompany debt and amount of intercompany fees charged for financial guarantees on external debt. On November 29, 2021, the case was formally assigned to administrative appeals, and the Company will attempt to resolve certain of the issues in this administrative forum. However, if acceptable resolutions are not achieved, the Company will vigorously defend its positions through litigation, which if undertaken will likely take several years for final resolution. The statute of limitations on these tax years currently remains open until June 30, 2026.

EATON SHAREHOLDERS' EQUITY

EATON SHAREHOLDERS' EQUITY	12 Months Ended
	Dec. 31, 2024
Equity [Abstract]
EATON SHAREHOLDERS' EQUITY	EATON SHAREHOLDERS' EQUITY There are 750 million Eaton ordinary shares authorized ($0.01 par value per share), 392.9 million and 399.4 million of which were issued and outstanding at December 31, 2024 and 2023, respectively. Eaton's Memorandum and Articles of Association authorized 40 thousand deferred ordinary shares (€1.00 par value per share) and 10 thousand preferred A shares ($1.00 par value per share), all of which were issued and outstanding at December 31, 2024 and 2023, and 10 million serial preferred shares ($0.01 par value per share), none of which is outstanding at December 31, 2024 and 2023. At December 31, 2024, there were 9,117 holders of record of Eaton ordinary shares. Additionally, 13,949 current and former employees were shareholders through participation in the Eaton Savings Plan, the Eaton Personal Investment Plan, or The Eaton Puerto Rico Retirement Savings Plan. On February 23, 2022, the Board of Directors adopted a share repurchase program for repurchases of ordinary shares up to $5.0 billion to be made during the three-year period commencing on that date (2022 Program). Under the 2022 Program, the ordinary shares are expected to be repurchased over time, depending on market conditions, the market price of ordinary shares, capital levels, and other considerations. During 2024 and 2022, 7.8 million and 2.0 million ordinary shares were repurchased under the 2022 Program in the open market at a total cost of $2.5 billion and $286 million, respectively. During 2023, no ordinary shares were repurchased. On February 27, 2025, the Board of Directors renewed the 2022 Program by providing authority for up to $9.0 billion in repurchases to be made during the three-year period commencing on that date (2025 Program). Eaton has deferral plans that permit certain employees and directors to defer a portion of their compensation. A trust contains $3 million of ordinary shares and marketable securities at December 31, 2024 and 2023 to fund a portion of these liabilities. The marketable securities were included in Other assets and the ordinary shares were included in Shareholders' equity at historical cost. On February 27, 2025, Eaton's Board of Directors declared a quarterly dividend of $1.04 per ordinary share, an 11% increase over the dividend paid in the fourth quarter of 2024. The dividend is payable on March 28, 2025 to shareholders of record on March 10, 2025. Comprehensive Income (Loss) Comprehensive income (loss) consists primarily of net income, currency translation and related hedging instruments, changes in unrecognized costs of pension and other postretirement benefits, and changes in the effective portion of open derivative contracts designated as cash flow hedges. The following table summarizes the pre-tax and after-tax amounts recognized in Comprehensive income (loss): 2024 2023 2022 (In millions) Pre-tax After-tax Pre-tax After-tax Pre-tax After-tax Currency translation and related hedging instruments Gain (loss) from currency translation and related hedging $ (358) $ (355) $ 252 $ 247 $ (632) $ (647) Amortization of gains on net investment hedges (amount (15) (15) (12) (12) — — (373) (370) 241 235 (632) (647) Pensions and other postretirement benefits Prior service credit (cost) arising during the year 1 1 — — — — Net gain (loss) arising during the year (141) (104) (246) (189) 45 31 Currency translation 18 13 (29) (21) 65 56 Amortization of actuarial loss and prior service cost 55 41 32 24 116 89 (67) (49) (243) (185) 226 175 Cash flow hedges Gain on derivatives designated as cash flow hedges (6) (5) 63 50 210 166 Changes in cash flow hedges reclassified to earnings (16) (12) (78) (61) (9) (7) (22) (17) (14) (11) 201 159 Other comprehensive income (loss) attributable to Eaton ordinary shareholders $ (462) $ (436) $ (17) $ 39 $ (205) $ (313) The changes in Accumulated other comprehensive loss are as follows: (In millions) Currency translation and related hedging instruments Pensions and other postretirement benefits Cash flow Total Balance at January 1, 2024 $ (3,029) $ (995) $ 118 $ (3,906) Other comprehensive income (loss) before (355) (90) (5) (450) Amounts reclassified from Accumulated other (15) 41 (12) 14 Net current-period Other comprehensive (370) (49) (17) (436) Balance at December 31, 2024 $ (3,399) $ (1,044) $ 101 $ (4,342) The reclassifications out of Accumulated other comprehensive loss are as follows: (In millions) December 31, 2024 Consolidated Statements Gains and (losses) on net investment hedges (amount excluded Currency exchange contracts $ 15 Interest expense - net Tax expense — Total, net of tax 15 Amortization of defined benefits pensions and other Actuarial loss and prior service cost (55) 1 Tax benefit 15 Total, net of tax (41) Gains and (losses) on cash flow hedges Floating-to-fixed interest rate swaps 13 Interest expense - net Currency exchange contracts (1) Net sales and Cost of products sold Commodity contracts 4 Cost of products sold Tax expense (3) Total, net of tax 12 Total reclassifications for the period $ (14) 1 These components of Accumulated other comprehensive loss are included in the computation of net periodic benefit cost. See Note 10 for additional information about pension and other postretirement benefits items. Net Income Per Share Attributable to Eaton Ordinary Shareholders A summary of the calculation of net income per share attributable to Eaton ordinary shareholders is as follows: (In millions except for per share data) 2024 2023 2022 Net income attributable to Eaton ordinary shareholders $ 3,794 $ 3,218 $ 2,462 Weighted-average number of ordinary shares outstanding - diluted 399.4 401.1 400.8 Less dilutive effect of equity-based compensation 1.8 2.0 2.1 Weighted-average number of ordinary shares outstanding - basic 397.6 399.1 398.7 Net income per share attributable to Eaton ordinary shareholders Diluted $ 9.50 $ 8.02 $ 6.14 Basic 9.54 8.06 6.17 In 2024 and 2023, all stock options were included in the calculation of diluted net income per share attributable to Eaton ordinary shareholders because they were all dilutive. In 2022, 0.1 million of stock options were excluded from the calculation of diluted net income per share attributable to Eaton ordinary shareholders because the exercise price of the options exceeded the average market price of the ordinary shares during the period and their effect, accordingly, would have been antidilutive.

EQUITY-BASED COMPENSATION

EQUITY-BASED COMPENSATION	12 Months Ended
	Dec. 31, 2024
Share-Based Payment Arrangement [Abstract]
EQUITY-BASED COMPENSATION	EQUITY-BASED COMPENSATION Eaton recognizes equity-based compensation expense based on the grant date fair value of the award. Awards with service conditions or both service and market conditions are expensed over the period during which an employee is required to provide service in exchange for the award. Awards with both service and performance conditions are expensed over the period an employee is required to provide service based on the number of units for which achievement of the performance objective is probable. The Company estimates forfeitures as part of recording equity-based compensation expense. Restricted Stock Units and Awards Restricted stock units (RSUs) and restricted stock awards (RSAs) have been issued to certain employees and directors. The fair value of RSUs and RSAs are determined based on the closing market price of the Company’s ordinary shares at the date of grant. The RSUs entitle the holder to receive one ordinary share for each RSU upon vesting, generally over three years. RSAs are issued and outstanding at the time of grant, but remain subject to forfeiture until vested, generally over ten years. A summary of the RSU and RSA activity for 2024 is as follows: (Restricted stock units and awards in millions) Number of restricted Weighted-average fair Non-vested at January 1 0.9 $ 150.55 Granted 0.3 289.23 Vested (0.4) 163.32 Forfeited — 197.75 Non-vested at December 31 0.7 $ 202.76 Information related to RSUs and RSAs is as follows: (In millions) 2024 2023 2022 Pre-tax expense for RSUs and RSAs $ 74 $ 65 $ 65 After-tax expense for RSUs and RSAs 58 51 51 Fair value of vested RSUs and RSAs 126 84 98 As of December 31, 2024, total compensation expense not yet recognized related to non-vested RSUs and RSAs was $93 million, and the weighted-average period in which the expense is expected to be recognized is 2.3 years. Excess tax benefit for RSUs and RSAs totaled $8 million, $4 million, and $5 million for 2024, 2023, and 2022, respectively. Performance Share Units Performance share units (PSUs) have been issued to certain employees that vest based on the satisfaction of a three-year service period and total shareholder return relative to that of a group of peers. Awards earned at the end of the three-year vesting period range from 0% to 200% of the targeted number of PSUs granted based on the ranking of total shareholder return of the Company, assuming reinvestment of all dividends, relative to a defined peer group of companies. Equity-based compensation expense for these PSUs is recognized over the period during which an employee is required to provide service in exchange for the award. Upon vesting, dividends that have accumulated during the vesting period are paid on earned awards. The Company uses a Monte Carlo simulation to estimate the fair value of PSUs with market conditions. The principal assumptions utilized in valuing these PSUs include the expected stock price volatility (based on the most recent 3-year period as of the grant date) and the risk-free interest rate (an estimate based on the yield of United States Treasury zero coupon bonds with a three-year maturity as of the grant date). A summary of the assumptions used in determining fair value of these PSUs is as follows: 2024 2023 2022 Expected volatility 26 % 27 % 35 % Risk-free interest rate 4.36 % 4.35 % 1.71 % Weighted-average fair value of PSUs granted $ 362.38 $ 203.18 $ 171.63 A summary of these PSUs that vested is as follows: (Performance share units in millions) 2024 2023 2022 Percent payout 163 % 187 % 178 % Shares vested 0.2 0.3 0.4 A summary of the 2024 activity for these PSUs is as follows: (Performance share units in millions) Number of performance Weighted-average fair Non-vested at January 1 0.3 $ 162.67 Granted 1 0.1 362.38 Adjusted for performance results achieved 2 0.1 171.63 Vested (0.2) 171.63 Forfeited — 228.66 Non-vested at December 31 0.2 $ 248.21 1 Performance shares granted assuming the Company will perform at target relative to peers. 2 Adjustments for the number of shares vested under the 2022 awards at the end of the three-year performance period ended December 31, 2024, being higher than the target number of shares. Information related to PSUs is as follows: (In millions) 2024 2023 2022 Pre-tax expense for PSUs $ 23 $ 22 $ 21 After-tax expense for PSUs 18 17 17 As of December 31, 2024, total compensation expense not yet recognized related to non-vested PSUs was $36 million and the weighted-average period in which the expense is to be recognized is 1.7 years. Excess tax benefit for PSUs totaled $11 million, $7 million, and $10 million for 2024, 2023, and 2022, respectively. Stock Options Under various plans, stock options have been granted to certain employees and directors to purchase ordinary shares at prices equal to fair market value on the date of grant. Substantially all of these options vest ratably during the three-year period following the date of grant and expire 10 years from the date of grant. Compensation expense is recognized for stock options based on the fair value of the options at the date of grant and amortized on a straight-line basis over the period the employee or director is required to provide service. The Company uses a Black-Scholes option pricing model to estimate the fair value of stock options. The principal assumptions utilized in valuing stock options include the expected stock price volatility (based on the most recent historical period equal to the expected life of the option); the expected option life (an estimate based on historical experience); the expected dividend yield; and the risk-free interest rate (an estimate based on the yield of United States Treasury zero coupon with a maturity equal to the expected life of the option). A summary of the assumptions used in determining the fair value of stock options is as follows: 2024 2023 2022 Expected volatility 29 % 27 % 27 % Expected option life in years 6.3 6.3 6.6 Expected dividend yield 1.5 % 2.0 % 2.0 % Risk-free interest rate 4.0 to 4.5% 4.1 to 4.3% 0.3 to 3.0% Weighted-average fair value of stock options granted $ 93.42 $ 48.79 $ 36.56 A summary of stock option activity is as follows: (Options and aggregate intrinsic value in millions) Weighted-average Options Weighted-average Aggregate Outstanding at January 1, 2024 $ 103.76 2.2 Granted 288.50 0.2 Exercised 88.51 (0.8) Forfeited and canceled 164.15 — Outstanding at December 31, 2024 $ 130.25 1.6 5.4 $ 313 Exercisable at December 31, 2024 $ 102.36 1.2 4.5 $ 273 Reserved for future grants at December 31, 2024 18.2 The aggregate intrinsic value in the table above represents the total excess of the $331.87 closing price of Eaton ordinary shares on the last trading day of 2024 over the exercise price of the stock option, multiplied by the related number of options outstanding and exercisable. The aggregate intrinsic value is not recognized for financial accounting purposes and the value changes based on the daily changes in the fair market value of the Company's ordinary shares. Information related to stock options is as follows: (In millions) 2024 2023 2022 Pre-tax expense for stock options $ 11 $ 10 $ 11 After-tax expense for stock options 9 8 9 Proceeds from stock options exercised 69 78 28 Income tax benefit related to stock options exercised Tax benefit classified in operating activities in the Consolidated 30 22 6 Intrinsic value of stock options exercised 165 116 29 Total fair value of stock options vested $ 11 $ 10 $ 11 Stock options exercised 0.8 1.0 0.4

FAIR VALUE MEASUREMENTS

FAIR VALUE MEASUREMENTS	12 Months Ended
	Dec. 31, 2024
Fair Value Disclosures [Abstract]
FAIR VALUE MEASUREMENTS	FAIR VALUE MEASUREMENTS Fair value is measured based on an exit price, representing the amount that would be received to sell an asset or paid to satisfy a liability in an orderly transaction between market participants. Fair value is a market-based measurement that should be determined based on assumptions that market participants would use in pricing an asset or liability. As a basis for considering such assumptions, a fair value hierarchy is established, which categorizes the inputs used in measuring fair value as follows: (Level 1) observable inputs such as quoted prices in active markets; (Level 2) inputs, other than the quoted prices in active markets, that are observable either directly or indirectly; and (Level 3) unobservable inputs in which there is little or no market data, which require the reporting entity to develop its own assumptions. A summary of financial instruments and contingent consideration recognized at fair value, and the fair value measurements used, is as follows: (In millions) Total Quoted prices in active markets for identical assets Other observable inputs Unobservable inputs December 31, 2024 Cash $ 555 $ 555 $ — $ — Short-term investments 1,525 1,525 — — Net derivative contracts (16) — (16) — Contingent future payments from acquisition of Green Motion (6) — — (6) December 31, 2023 Cash $ 488 $ 488 $ — $ — Short-term investments 2,121 2,121 — — Net derivative contracts 11 — 11 — Contingent future payments from acquisition of Green Motion (18) — — (18) Eaton values its financial instruments using an industry standard market approach, in which prices and other relevant information is generated by market transactions involving identical or comparable assets or liabilities. On March 22, 2021, Eaton acquired Green Motion SA, a leading designer and manufacturer of electric vehicle charging hardware and related software based in Switzerland. Green Motion SA was acquired for $106 million, including $49 million of cash paid at closing and an initial estimate of $57 million for the fair value of contingent future consideration based on 2023 and 2024 revenue performance. The fair value of contingent consideration liabilities is estimated by discounting contingent payments expected to be made, and may increase or decrease based on changes in revenue estimates and discount rates, with a maximum possible undiscounted value of $113 million. As of December 31, 2024, the fair value of the contingent future payments has been reduced to $6 million based primarily on lower revenue in 2023 and 2024 compared to the initial estimates at closing. This reduction is presented in Other income - net on the Consolidated Statements of Income. Other Fair Value Measurements Long-term debt and the current portion of long-term debt had a carrying value of $9,152 million and fair value of $8,651 million at December 31, 2024 compared to $9,261 million and $8,924 million, respectively, at December 31, 2023. The fair value of Eaton's debt instruments was estimated using prevailing market interest rates on debt with similar creditworthiness, terms and maturities and is considered a Level 2 fair value measurement. Short-Term Investments Eaton invests excess cash generated from operations in short-term marketable investments. Short-term investments are recorded at carrying value, which approximates the fair value due to the short-term maturities of these investments. A summary of short-term investments is as follows: December 31 (In millions) 2024 2023 Time deposits and certificates of deposit with banks $ 157 $ 299 Money market investments 1,368 1,822 Total short-term investments $ 1,525 $ 2,121

DERIVATIVE FINANCIAL INSTRUMENT

DERIVATIVE FINANCIAL INSTRUMENTS AND HEDGING ACTIVITIES	12 Months Ended
	Dec. 31, 2024
Derivative Instruments and Hedging Activities Disclosure [Abstract]
DERIVATIVE FINANCIAL INSTRUMENTS AND HEDGING ACTIVITIES	DERIVATIVE FINANCIAL INSTRUMENTS AND HEDGING ACTIVITIES In the normal course of business, Eaton is exposed to certain risks related to fluctuations in interest rates, currency exchange rates and commodity prices. The Company uses various derivative and non-derivative financial instruments, primarily interest rate swaps, currency forward exchange contracts, currency swaps and commodity contracts to manage risks from these market fluctuations. The instruments used by Eaton are straightforward, non-leveraged instruments. The counterparties to these instruments are financial institutions with strong credit ratings. Eaton maintains control over the size of positions entered into with any one counterparty and regularly monitors the credit rating of these institutions. Such instruments are not purchased and sold for trading purposes. Derivative financial instruments are accounted for at fair value and recognized as assets or liabilities in the Consolidated Balance Sheets. Accounting for the gain or loss resulting from the change in the fair value of the derivative financial instrument depends on whether it has been designated as part of a hedging relationship, is effective and the nature of the hedging activity. Eaton formally documents all relationships between derivative financial instruments accounted for as designated hedges and the hedged item, as well as its risk-management objective and strategy for undertaking the hedge transaction. This process includes linking derivative financial instruments to a recognized asset or liability, specific firm commitment, forecasted transaction, or net investment in a foreign operation. These financial instruments can be designated as: • Hedges of the change in the fair value of a recognized fixed-rate asset or liability, or the firm commitment to acquire such an asset or liability (a fair value hedge); for these hedges, the gain or loss from the derivative financial instrument, as well as the offsetting loss or gain on the hedged item attributable to the hedged risk, are recognized in income during the period of change in fair value. • Hedges of the variable cash flows of a recognized variable-rate asset or liability, or the forecasted acquisition of such an asset or liability (a cash flow hedge); for these hedges, the gain or loss from the derivative financial instrument is recognized in Accumulated other comprehensive income and reclassified to income in the same period when the gain or loss on the hedged item is included in income. • Hedges of the currency exposure related to a net investment in a foreign operation (a net investment hedge); for these hedges, the gain or loss from the derivative financial instrument is recognized in Accumulated other comprehensive income and reclassified to income in the same period when the gain or loss related to the net investment in the foreign operation is included in income. The gain or loss from a derivative financial instrument designated as a hedge is classified in the same line of the Consolidated Statements of Income as the offsetting loss or gain on the hedged item. The cash flows resulting from these financial instruments are classified in operating activities on the Consolidated Statements of Cash Flows. For derivatives that are not designated as a hedge, any gain or loss is immediately recognized in income. The majority of derivatives used in this manner relate to risks resulting from assets or liabilities denominated in a foreign currency and certain commodity contracts that arise in the normal course of business. Eaton uses currency exchange contracts and certain of its debt denominated in foreign currency to hedge portions of its net investments in foreign operations against foreign currency exposure (net investment hedges). The Company uses the spot rate method to assess hedge effectiveness when currency exchange contracts are used in net investment hedges. Under this method, changes in the spot exchange rate are recognized in Accumulated other comprehensive loss. Changes related to the forward rate are excluded from the hedging relationship and the forward points are amortized to Interest expense - net on a straight-line basis over the term of the contract. The cash flows resulting from these currency exchange contracts are classified in investing activities on the Consolidated Statements of Cash Flows. Interest Rate Risk Eaton enters into fixed-to-floating interest rate swaps to manage interest rate risk of certain long-term debt. These interest rate swaps are accounted for as fair value hedges of certain long-term debt. Eaton also enters into forward starting floating-to-fixed interest rate swaps to manage interest rate risk on future anticipated debt issuances. These are accounted for as cash flow hedges. A summary of interest rate swaps outstanding at December 31, 2024, is as follows: Forward Starting Floating-to-Fixed Interest Rate Swaps (Notional amount in millions) Notional amount Floating interest Fixed interest Basis for contracted floating interest rate received $ 78 —% 2.52% 6 month Euribor 78 —% 2.38% 6 month Euribor Derivative Financial Statement Impacts The fair value of derivative financial instruments recognized in the Consolidated Balance Sheets is as follows: (In millions) Notional Other Other Other Other Type of Term December 31, 2024 Derivatives designated as hedges Forward starting floating-to-fixed interest rate swaps $ 156 $ — $ — $ — $ 1 Cash flow 11 years Currency exchange contracts 499 12 — 14 — Cash flow 1 to 13 months Commodity contracts 4 — — — — Cash flow 1 to 11 months Currency exchange contracts 545 3 — — — Net investment 3 months Total $ 15 $ — $ 14 $ 1 Derivatives not designated as hedges Currency exchange contracts $ 4,945 $ 13 $ 29 1 to 7 months December 31, 2023 Derivatives designated as hedges Forward starting floating-to-fixed interest rate swaps $ 165 $ — $ — $ — $ 3 Cash flow 8 years Currency exchange contracts 505 17 3 7 1 Cash flow 1 to 25 months Commodity contracts 54 1 — 1 — Cash flow 1 to 12 months Currency exchange contracts 564 — — 1 — Net investment 3 months Total $ 17 $ 3 $ 9 $ 4 Derivatives not designated as hedges Currency exchange contracts $ 4,797 $ 12 $ 8 1 to 7 months The currency exchange contracts shown in the table above as derivatives not designated as hedges are primarily contracts entered into to manage currency volatility or exposure on intercompany receivables, payables and loans. While Eaton does not elect hedge accounting treatment for these derivatives, Eaton targets managing 95% to 100% of the intercompany balance sheet exposure to minimize the effect of currency volatility related to the movement of goods and services in the normal course of its operations. This activity represents the great majority of these currency exchange contracts. The cash flows resulting from the settlement of these derivatives have been classified in investing activities in the Consolidated Statements of Cash Flows. Foreign currency denominated debt designated as non-derivative net investment hedging instruments had a carrying value on an after-tax basis of $3,105 million and $3,140 million at December 31, 2024 and 2023, respectively. As of December 31, 2024, the volume of outstanding commodity contracts that were entered into to hedge forecasted transactions: Commodity December 31, 2024 Term Copper 1 Millions of pounds 1 to 11 months Gold 165 Troy ounces 1 month (In millions) Carrying amount of the hedged Cumulative amount of fair value hedging adjustment included in the carrying amount of the hedged asset (liabilities) 1 Location on Consolidated Balance Sheets December 31, 2024 December 31, 2023 December 31, 2024 December 31, 2023 Long-term debt $ (647) $ (713) $ (37) $ (42) 1 At December 31, 2024 and 2023, these amounts include the cumulative liability amount of fair value hedging adjustments remaining for which the hedge accounting has been discontinued of $37 million and $42 million, respectively. The impact of cash flow and fair value hedging activities to the Consolidated Statements of Income is as follows: 2024 (In millions) Net sales Cost of products sold Interest expense - net Amounts from Consolidated Statements of Income $ 24,878 $ 15,375 $ 130 Gain (loss) on derivatives designated as cash flow hedges Forward starting floating-to-fixed interest rate swaps Hedged item $ — $ — $ (13) Derivative designated as hedging instrument — — 13 Currency exchange contracts Hedged item $ 2 $ (1) $ — Derivative designated as hedging instrument (2) 1 — Commodity contracts Hedged item $ — $ (4) $ — Derivative designated as hedging instrument — 4 — 2023 (In millions) Net sales Cost of products sold Interest expense - net Amounts from Consolidated Statements of Income $ 23,196 $ 14,762 $ 151 Gain (loss) on derivatives designated as cash flow hedges Forward starting floating-to-fixed interest rate swaps Hedged item $ — $ — $ (13) Derivative designated as hedging instrument — — 13 Currency exchange contracts Hedged item $ (2) $ (58) $ — Derivative designated as hedging instrument 2 58 — Commodity contracts Hedged item $ — $ (1) $ — Derivative designated as hedging instrument — 1 — 2022 (In millions) Net sales Cost of products sold Interest expense - net Amounts from Consolidated Statements of Income $ 20,752 $ 13,865 $ 144 Gain (loss) on derivatives designated as cash flow hedges Forward starting floating-to-fixed interest rate swaps Hedged item $ — $ — $ (4) Derivative designated as hedging instrument — — 4 Currency exchange contracts Hedged item $ 17 $ (26) $ — Derivative designated as hedging instrument (17) 26 — Commodity contracts Hedged item $ — $ 4 $ — Derivative designated as hedging instrument — (4) — Gain (loss) on derivatives designated as fair value hedges Fixed-to-floating interest rate swaps Hedged item $ — $ — $ 8 Derivative designated as hedging instrument — — (8) The impact of derivatives not designated as hedges to the Consolidated Statements of Income is as follows: Gain (loss) recognized in Consolidated Statements of Income Consolidated Statements of Income classification (In millions) 2024 2023 2022 Gain (loss) on derivatives not designated as hedges Currency exchange contracts $ (14) $ 57 $ (56) Interest expense - net Commodity contracts — — (15) Other income - net Total $ (14) $ 57 $ (71) The impact of derivative and non-derivative instruments designated as hedges to the Consolidated Statements of Income and Comprehensive Income is as follows: Gain (loss) recognized in other (In millions) 2024 2023 2022 Derivatives designated as cash flow hedges Forward starting floating-to-fixed interest rate swaps $ 5 $ (2) $ 202 Currency exchange contracts (15) 66 13 Commodity contracts 4 — (5) Derivatives designated as net investment hedges Currency exchange contracts Effective portion 19 8 — Amount excluded from effectiveness testing 12 15 — Non-derivative designated as net investment hedges Foreign currency denominated debt 191 (110) 171 Total $ 216 $ (24) $ 381 Location of gain (loss) Gain (loss) reclassified (In millions) 2024 2023 2022 Derivatives designated as cash flow hedges Forward starting floating-to-fixed interest rate swaps Interest expense - net $ 13 $ 13 $ 4 Currency exchange contracts Net sales and Cost of products sold (1) 64 9 Commodity contracts Cost of products sold 4 1 (4) Derivatives designated as net investment hedges Currency exchange contracts Effective portion Gain (loss) on sale of business — — — Amount excluded from effectiveness testing Interest expense - net 15 12 — Non-derivative designated as net investment hedges Foreign currency denominated debt Gain (loss) on sale of business — — — Total $ 31 $ 89 $ 9 The pre-tax portion of the fair value of currency exchange contracts designated as net investment hedges included in Accumulated other comprehensive loss were net gains of $27 million at December 31, 2024. The pre-tax portion of the fair value of the forward points included in Accumulated other comprehensive loss were net gains of $1 million at December 31, 2024. At December 31, 2024, a gain of $3 million of estimated unrealized net gains or losses associated with our cash flow hedges were expected to be reclassified to income from Accumulated other comprehensive loss within the next twelve months. These reclassifications relate to our designated foreign currency and commodity hedges that will mature in the next twelve months.

RESTRUCTURING CHARGES

RESTRUCTURING CHARGES	12 Months Ended
	Dec. 31, 2024
Restructuring and Related Activities [Abstract]
RESTRUCTURING CHARGES	RESTRUCTURING CHARGES In the second quarter of 2020, Eaton initiated a multi-year restructuring program to reduce its cost structure and gain efficiencies in its business segments and at corporate in order to initially respond to declining market conditions brought on by the COVID-19 pandemic. Since the inception of the program, the Company incurred expenses of $199 million for workforce reductions and $184 million for plant closing and other costs, resulting in total charges of $382 million through December 31, 2023. This multi-year restructuring program was substantially complete at the end of 2023, with final payments primarily made in 2024. During the first quarter of 2024, Eaton implemented a new multi-year restructuring program to accelerate opportunities to optimize its operations and global support structure. These actions will better align the Company's functions to support anticipated growth and drive greater effectiveness throughout the Company. Restructuring charges incurred under this program were $202 million in 2024. This restructuring program is expected to be completed in 2026 and is expected to incur additional expenses related to workforce reductions of $183 million and plant closing and other costs of $90 million, resulting in total estimated charges of $475 million for the entire program. A summary of restructuring program charges (income) is as follows: (In millions except for per share data) 2024 2023 2022 Workforce reductions $ 120 $ 19 $ (13) Plant closing and other 83 38 47 Total before income taxes 202 57 33 Income tax benefit 43 11 4 Total after income taxes $ 160 $ 46 $ 29 Per ordinary share - diluted $ 0.40 $ 0.11 $ 0.07 Restructuring program charges (income) related to the following segments: (In millions) 2024 2023 2022 Electrical Americas $ 12 $ 5 $ 17 Electrical Global 88 26 14 Aerospace 9 5 8 Vehicle 40 6 (15) eMobility 25 7 1 Corporate 29 8 8 Total $ 202 $ 57 $ 33 A summary of liabilities related to workforce reductions, plant closing, and other associated costs is as follows: (In millions) Workforce reductions Plant closing and other Total Balance at January 1, 2024 $ 35 $ 6 $ 41 Liability recognized, net 120 83 202 Payments, utilization and translation (59) (81) (141) Balance at December 31, 2024 $ 96 $ 7 $ 103 These restructuring program charges (income) were included in Cost of products sold, Selling and administrative expense, Research and development expense, or Other income – net

GOVERNMENT GRANTS

GOVERNMENT GRANTS	12 Months Ended
	Dec. 31, 2024
Government Assistance [Abstract]
GOVERNMENT GRANTS	GOVERNMENT GRANTS The Company recognizes the benefit of government grants when they are probable of being received and the specified conditions associated with the grants have been satisfied. Grants for capital investments are generally recognized as deferred income on the Consolidated Balance Sheet, then amortized to income over the life of the related assets. Grants for other expenses are recognized as reductions of the related expense over the period incurred. In 2024, the Company entered into an agreement to receive government grants from a non-Irish government entity. The grants will be recognized over the term of the agreement beginning in 2024 through 2033. The terms of the agreement and the commitments made by the Company and the government entity have been omitted because they are legally prohibited from being disclosed. Under the agreement, for the year ended December 31, 2024, the Company reduced Selling and administrative expense by $1 million on the Consolidated Statement of Income. As of December 31, 2024, the Company recognized unamortized deferred income of $9 million within Other current liabilities on the Consolidated Balance Sheet.

BUSINESS SEGMENT INFORMATION

BUSINESS SEGMENT INFORMATION	12 Months Ended
	Dec. 31, 2024
Segment Reporting [Abstract]
BUSINESS SEGMENT INFORMATION	BUSINESS SEGMENT INFORMATION Operating segments are defined as components of an enterprise about which separate financial information is available that is evaluated on a regular basis by the chief operating decision maker, or decision making group, in deciding how to allocate resources to an individual segment and in assessing performance. The Company's chief operating decision maker is the chairman and chief executive officer. Eaton’s segments are as follows: Electrical Americas and Electrical Global The Electrical Americas segment consists of electrical components, industrial components, power distribution and assemblies, residential products, single phase power quality and connectivity, three phase power quality, wiring devices, circuit protection, utility power distribution, power reliability equipment, and services that are primarily produced and sold in North and South America. The Electrical Global segment consists of electrical components, industrial components, power distribution and assemblies, single phase and three phase power quality, and services that are primarily produced and sold outside of North and South America; as well as hazardous duty electrical equipment, emergency lighting, fire detection, intrinsically safe explosion-proof instrumentation, and structural support systems that are produced and sold globally. The principal markets for these segments are industrial, institutional, governmental, utility, commercial, residential and information technology. These products are used wherever there is a demand for electrical power in data centers, utilities, industrial and energy facilities, commercial buildings, apartment and office buildings, hospitals, factories, and residencies. The segments share certain common global customers, but a large number of customers are located regionally. Sales are made through distributors, resellers, and manufacturers’ representatives, as well as directly to original equipment manufacturers, utilities, and certain other end users. Aerospace The Aerospace segment is a leading global supplier of aerospace fuel, hydraulics, and pneumatic systems for commercial and military use, as well as filtration systems for industrial applications. Products include hydraulic power generation systems for aerospace applications including pumps, motors, hydraulic power units, hose and fittings, electro-hydraulic pumps; controls and sensing products including valves, cylinders, electronic controls, electromechanical actuators, sensors, aircraft flap and slat systems and nose wheel steering systems; fluid conveyance products, including hose, thermoplastic tubing, fittings, adapters, couplings, sealing and ducting; fuel systems including air-to-air refueling systems, fuel pumps, fuel inerting products, sensors, valves, adapters and regulators; mission systems including oxygen generation system, payload carriages, and thermal management products; high performance interconnect products including wiring connectors and cables. The Aerospace segment also includes filtration systems including hydraulic filters, bag filters, strainers and cartridges; and golf grips. The principal markets for the Aerospace segment are manufacturers of commercial and military aircraft and related after-market customers, as well as industrial applications. These manufacturers and other customers operate globally. Products are sold and serviced through a variety of channels. Vehicle The Vehicle segment is a leader in the design, manufacture, marketing, and supply of: drivetrain, powertrain systems and critical components that reduce emissions and improve fuel economy, stability, performance, and safety of cars, light trucks, and commercial vehicles. Products include transmissions and transmission components, clutches, hybrid power systems, superchargers, engine valves and valve actuation systems, locking and limited slip differentials, transmission controls, and fuel vapor components for the global vehicle industry. The principal markets for the Vehicle segment are original equipment manufacturers and aftermarket customers of heavy-, medium-, and light-duty trucks, SUVs, CUVs, passenger cars, construction, and agricultural equipment. eMobility The eMobility segment designs, manufactures, markets, and supplies mechanical, electrical, and electronic components and systems that improve the power management and performance of both on-road and off-road vehicles. Products include high voltage inverters, converters, fuses, circuit protection units, vehicle controls, power distribution, fuel tank isolation valves, and commercial vehicle hybrid systems. The principal markets for the eMobility segment are original equipment manufacturers and aftermarket customers of heavy-, medium-, and light-duty trucks, SUVs, CUVs, passenger cars, construction, agriculture, material handling and mining equipment. Other Information No single customer represented greater than 10% of net sales in 2024, 2023 or 2022, respectively. The accounting policies of the business segments are generally the same as the policies described in Note 1, except that, as described further in the following paragraph, certain items are not allocated to the businesses. Intersegment sales and transfers are accounted for at the same prices as if the sales and transfers were made to third parties. These intersegment sales are eliminated in consolidation. Operating profit (loss) includes the operating profit from intersegment sales. The chief operating decision maker uses segment operating profit (loss) as an input to assess segment performance and determine appropriate resource allocations, including capital, financial, and employee resources. Segment operating profit (loss) results are regularly evaluated versus annual profit plan, forecast and/or prior year. Other segment items are primarily comprised of Cost of products sold, Selling and administrative expense, Research and development expense, depreciation of property, plant and equipment, and certain items included in Other income - net on the Consolidated Statements of Income. The Company's chief operating decision maker manages these items on a consolidated basis. Corporate includes all the Company's amortization of intangible assets, interest expense - net and restructuring program charges (Note 17) and the non-service cost portion of pension and other postretirement benefits income. Other expense - net includes all the Company's costs associated with acquisitions, divestitures, and gains and losses on the sale of certain businesses and other items that are of a corporate or functional governance nature. For purposes of business segment performance measurement, a portion of corporate costs, excluding amortization of intangibles assets, acquisition integration and divestiture costs, and restructuring program charges, are allocated to the businesses. These allocations are periodically adjusted to pass on year-over-year cost savings or increases to the businesses in a manner that is consistent with how the chief operating decision maker assesses performance. Identifiable assets of the business segments exclude goodwill, other intangible assets, and general corporate assets, which principally consist of certain cash, short-term investments, deferred income taxes, certain accounts receivable, certain property, plant and equipment, and certain other assets. Business Segment Information (In millions) 2024 2023 2022 Net sales Electrical Americas $ 11,436 $ 10,098 $ 8,497 Electrical Global 6,248 6,084 5,848 Aerospace 3,744 3,413 3,039 Vehicle 2,790 2,965 2,830 eMobility 662 636 538 Total net sales $ 24,878 $ 23,196 $ 20,752 Other segment items Electrical Americas $ 7,981 $ 7,423 $ 6,584 Electrical Global 5,099 4,908 4,714 Aerospace 2,885 2,633 2,334 Vehicle 2,288 2,483 2,377 eMobility 669 657 547 Total other segment items $ 18,919 $ 18,103 $ 16,556 Segment operating profit (loss) Electrical Americas $ 3,455 $ 2,675 $ 1,913 Electrical Global 1,149 1,176 1,134 Aerospace 859 780 705 Vehicle 502 482 453 eMobility (7) (21) (9) Total segment operating profit 5,959 5,093 4,196 Corporate Intangible asset amortization expense (425) (450) (499) Interest expense - net (130) (151) (144) Pension and other postretirement benefits income 40 46 43 Restructuring program charges (202) (57) (33) Other expense - net (675) (654) (653) Income before income taxes 4,566 3,827 2,911 Income tax expense 768 604 445 Net income 3,798 3,223 2,465 Less net income for noncontrolling interests (4) (5) (4) Net income attributable to Eaton ordinary shareholders $ 3,794 $ 3,218 $ 2,462 (In millions) 2024 2023 2022 Identifiable assets Electrical Americas $ 4,933 $ 4,163 $ 3,655 Electrical Global 3,233 2,868 2,658 Aerospace 2,392 2,276 1,859 Vehicle 1,987 2,251 2,230 eMobility 633 563 402 Total identifiable assets 13,178 12,121 10,804 Goodwill 14,713 14,977 14,796 Other intangible assets 4,658 5,091 5,485 Corporate 5,833 6,243 3,929 Total assets $ 38,381 $ 38,432 $ 35,014 Capital expenditures for property, plant and equipment Electrical Americas $ 362 $ 309 $ 181 Electrical Global 163 142 151 Aerospace 83 97 92 Vehicle 94 96 95 eMobility 64 76 52 Total 766 721 571 Corporate 42 36 28 Total expenditures for property, plant and equipment $ 808 $ 757 $ 598 Depreciation of property, plant and equipment Electrical Americas $ 118 $ 108 $ 101 Electrical Global 102 96 94 Aerospace 70 69 64 Vehicle 95 92 89 eMobility 24 21 16 Total 409 386 364 Corporate 37 43 44 Total depreciation of property, plant and equipment $ 446 $ 429 $ 408 Geographic Region Information Net sales are measured based on the geographic destination of sales. Long-lived assets consist of property, plant and equipment - net. (In millions) 2024 2023 2022 Net sales United States $ 15,151 $ 14,071 $ 12,353 Canada 1,058 949 754 Latin America 1,680 1,549 1,504 Europe 4,530 4,339 3,957 Asia Pacific 2,459 2,288 2,185 Total $ 24,878 $ 23,196 $ 20,752 Long-lived assets United States $ 1,990 $ 1,773 $ 1,567 Canada 31 31 25 Latin America 465 476 383 Europe 790 797 711 Asia Pacific 453 453 460 Total $ 3,729 $ 3,530 $ 3,146

Pay vs Performance Disclosure

Pay vs Performance Disclosure - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Pay vs Performance Disclosure
Total, net of tax	$ 3,794	$ 3,218	$ 2,462

Insider Trading Arrangements

Insider Trading Arrangements	3 Months Ended
	Dec. 31, 2024
Trading Arrangements, by Individual
Rule 10b5-1 Arrangement Adopted	false
Non-Rule 10b5-1 Arrangement Adopted	false
Rule 10b5-1 Arrangement Terminated	false
Non-Rule 10b5-1 Arrangement Terminated	false

Insider Trading Policies and Pr

Insider Trading Policies and Procedures	12 Months Ended
	Dec. 31, 2024
Insider Trading Policies and Procedures [Line Items]
Insider Trading Policies and Procedures Adopted	true

Cybersecurity Risk Management a

Cybersecurity Risk Management and Strategy Disclosure	12 Months Ended
	Dec. 31, 2024
Cybersecurity Risk Management, Strategy, and Governance [Line Items]
Cybersecurity Risk Management Processes for Assessing, Identifying, and Managing Threats [Text Block]	Eaton follows the U.S. National Institute of Standards and Technology (NIST) Cyber Security Framework to structure protocols for identifying, assessing and managing cybersecurity risks. In accordance with NIST guidance, Eaton maintains documented information security policies and standards to protect operations, assets, data and services and to defend against, respond to and recover from potential cyberattacks. These policies and standards include both preventive measures and reactive processes. Preventive measures include, but are not limited to, protective and detective cybersecurity systems, security monitoring, threat hunting and mandatory, enterprise-wide employee training. Eaton’s reactive processes are captured primarily by a cyber incident response plan (the IRP), which is comprised of an evolving set of procedures developed by cross-functional experts, and external consultants, who draw upon technical proficiency and learnings from past experiences. All of these procedures and practices are tailored to Eaton’s technology environment and are refined iteratively. Further, Eaton has an information risk management program that includes a vendor risk assessment process, whereby Eaton systematically oversees and identifies risks from cybersecurity threats related to its use of third-party service providers. The IRP is executed by an Incident Response Team (IRT), led by our Chief Information Security Officer (CISO). The exact composition of the IRT varies depending on the severity and potential impact of an incident, and will typically include stakeholders across corporate and business functions. The team collaborates with internal experts and may engage external resources to assess and contain a threat if deemed necessary. Such external resources may potentially include forensic investigation and response firms, law firms, external auditors, forensic accountants, and consultants who are on retainer contracts for expedited availability. While cybersecurity threats remain a risk to the Company’s business operations (see discussion in Item 1A. Risk Factors.), our robust risk mitigation strategies have been effective. Accordingly, no such threats have materially affected or are reasonably likely to materially affect the company, our business strategy, results of operations or our financial condition.
Cybersecurity Risk Management Processes Integrated [Flag]	true
Cybersecurity Risk Management Processes Integrated [Text Block]	Eaton follows the U.S. National Institute of Standards and Technology (NIST) Cyber Security Framework to structure protocols for identifying, assessing and managing cybersecurity risks. In accordance with NIST guidance, Eaton maintains documented information security policies and standards to protect operations, assets, data and services and to defend against, respond to and recover from potential cyberattacks. These policies and standards include both preventive measures and reactive processes.
Cybersecurity Risk Management Third Party Engaged [Flag]	true
Cybersecurity Risk Third Party Oversight and Identification Processes [Flag]	true
Cybersecurity Risk Materially Affected or Reasonably Likely to Materially Affect Registrant [Flag]	false
Cybersecurity Risk Board of Directors Oversight [Text Block]	While our Board of Directors as a whole has oversight of risk management generally, cybersecurity risks fall to the Board’s Audit Committee. The Company’s Chief Information Officer (CIO) and CISO report quarterly to the Audit Committee on any significant cybersecurity incidents, threats, mitigation strategies and controls. The Audit Committee then updates the full board on significant matters raised and discussed during these sessions. The Audit Committee also participates in risk management training related to cybersecurity risk management specifically.
Cybersecurity Risk Board Committee or Subcommittee Responsible for Oversight [Text Block]	The Audit Committee delegates day-to-day management of cybersecurity risks to the Company’s senior management, which includes our CISO, who reports to the Company’s CIO. Our CIO reports directly to the Chief Executive Officer
Cybersecurity Risk Process for Informing Board Committee or Subcommittee Responsible for Oversight [Text Block]	. The Company’s Chief Information Officer (CIO) and CISO report quarterly to the Audit Committee on any significant cybersecurity incidents, threats, mitigation strategies and controls.
Cybersecurity Risk Role of Management [Text Block]	Governance. Eaton's Board of Directors is trained annually regarding incident response and risk management. While our Board of Directors as a whole has oversight of risk management generally, cybersecurity risks fall to the Board’s Audit Committee. The Company’s Chief Information Officer (CIO) and CISO report quarterly to the Audit Committee on any significant cybersecurity incidents, threats, mitigation strategies and controls. The Audit Committee then updates the full board on significant matters raised and discussed during these sessions. The Audit Committee also participates in risk management training related to cybersecurity risk management specifically. The Audit Committee delegates day-to-day management of cybersecurity risks to the Company’s senior management, which includes our CISO, who reports to the Company’s CIO. Our CIO reports directly to the Chief Executive Officer. Our CISO leads a robust team of dedicated professionals that are responsible for a wide range of risk assessment and management and leads at least ten specialized teams of internal and external experts focusing on distinct categories of threats.
Cybersecurity Risk Management Positions or Committees Responsible [Flag]	true
Cybersecurity Risk Management Positions or Committees Responsible [Text Block]	While our Board of Directors as a whole has oversight of risk management generally, cybersecurity risks fall to the Board’s Audit Committee. The Company’s Chief Information Officer (CIO) and CISO report quarterly to the Audit Committee on any significant cybersecurity incidents, threats, mitigation strategies and controls. The Audit Committee then updates the full board on significant matters raised and discussed during these sessions. The Audit Committee also participates in risk management training related to cybersecurity risk management specifically. The Audit Committee delegates day-to-day management of cybersecurity risks to the Company’s senior management, which includes our CISO, who reports to the Company’s CIO. Our CIO reports directly to the Chief Executive Officer. Our CISO leads a robust team of dedicated professionals that are responsible for a wide range of risk assessment and management and leads at least ten specialized teams of internal and external experts focusing on distinct categories of threats.
Cybersecurity Risk Management Expertise of Management Responsible [Text Block]	Our CISO leads a robust team of dedicated professionals that are responsible for a wide range of risk assessment and management and leads at least ten specialized teams of internal and external experts focusing on distinct categories of threats.
Cybersecurity Risk Process for Informing Management or Committees Responsible [Text Block]	While our Board of Directors as a whole has oversight of risk management generally, cybersecurity risks fall to the Board’s Audit Committee. The Company’s Chief Information Officer (CIO) and CISO report quarterly to the Audit Committee on any significant cybersecurity incidents, threats, mitigation strategies and controls. The Audit Committee then updates the full board on significant matters raised and discussed during these sessions. The Audit Committee also participates in risk management training related to cybersecurity risk management specifically. The Audit Committee delegates day-to-day management of cybersecurity risks to the Company’s senior management, which includes our CISO, who reports to the Company’s CIO. Our CIO reports directly to the Chief Executive Officer. Our CISO leads a robust team of dedicated professionals that are responsible for a wide range of risk assessment and management and leads at least ten specialized teams of internal and external experts focusing on distinct categories of threats.
Cybersecurity Risk Management Positions or Committees Responsible Report to Board [Flag]	true

SUMMARY OF SIGNIFICANT ACCOUN_2

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	12 Months Ended
	Dec. 31, 2024
Accounting Policies [Abstract]
Basis of Presentation	The consolidated financial statements of the Company have been prepared in accordance with generally accepted accounting principles in the United States. Preparation of the consolidated financial statements requires management to make estimates and assumptions that affect amounts reported in the consolidated financial statements and notes. Actual results could differ from these estimates. Management has evaluated subsequent events through the date the consolidated financial statements were filed with the Securities Exchange Commission.
Consolidation Policy	The consolidated financial statements include the accounts of Eaton and all subsidiaries and other entities it controls. Intercompany transactions and balances have been eliminated. The equity method of accounting is used for investments in associate companies where the Company has significant influence and generally a 20% to 50% ownership interest. Equity investments are evaluated for impairment whenever events or circumstances indicate the book value of the investment exceeds fair value. An impairment would exist if there is an other-than-temporary decline in value. Investments in associate companies included in Other assets on the Consolidated Balance Sheets were $872 million and $860 million as of December 31, 2024 and 2023, respectively. Income (loss) from these investments was $12 million, $20 million, and $(5) million for 2024, 2023 and 2022, respectively, and reported in Other income - net on the Consolidated Statements of Income. Eaton does not have off-balance sheet arrangements with unconsolidated entities.
Foreign Currency Translation	Eaton's reporting currency is United States Dollars (USD). The functional currency for most subsidiaries is their local currency. Financial statements for these subsidiaries are translated at exchange rates in effect at the balance sheet date as to assets and liabilities and weighted-average exchange rates as to revenues and expenses. The resulting translation adjustments are recognized in Accumulated other comprehensive loss. Monetary assets and liabilities denominated in currencies other than the functional currency of the subsidiary are remeasured to the functional currency at the exchange rate in effect at the balance sheet date. For subsidiaries operating in highly inflationary economies, non-monetary assets and liabilities such as inventory and property, plant and equipment and their related expenses are remeasured at historical exchange rates, while monetary assets and liabilities are remeasured at exchange rates in effect at the balance sheet date. Remeasurement adjustments for these subsidiaries are recognized in income. Gains from the remeasurement of foreign currency were $15 million, $27 million, and $67 million for 2024, 2023 and 2022, respectively, net of the impact of currency exchange contracts.
Adoption of New Accounting Standard and Recently Issued Accounting Pronouncements	Adoption of New Accounting Standard Eaton adopted Accounting Standards Update 2023-07, Segment Reporting (Topic 280): Improvements to Reportable Segment Disclosures, in the fourth quarter of 2024 on a retrospective basis. This accounting standard requires additional segment disclosures on an annual and interim basis, including significant segment expenses that are regularly provided to the chief operating decision maker. The standard does not change how operating segments and reportable segments are determined. The adoption of the standard did not have a material impact on the consolidated financial statements. Recently Issued Accounting Pronouncements In December 2023, the Financial Accounting Standards Board (FASB) issued Accounting Standards Update 2023-09, Income Taxes (Topic 740): Improvements to Income Tax Disclosures (ASU 2023-09). This accounting standard requires disaggregated income tax disclosures on an annual basis, including information on the Company’s effective income tax rate reconciliation and income taxes paid. ASU 2023-09 is effective for annual reporting periods beginning after December 15, 2024, and may be applied prospectively or retrospectively. The Company is evaluating the impact of ASU 2023-09 and expects the standard will only impact its income taxes disclosures with no material impact to the consolidated financial statements.
Goodwill and Indefinite Life Intangible Assets	Goodwill and Indefinite Life Intangible Assets Goodwill is evaluated annually for impairment as of July 1 using either a quantitative or qualitative analysis. Additionally, goodwill is evaluated for impairment whenever an event occurs or circumstances change that would indicate that it is more likely than not that the fair value of a reporting unit is less than its carrying amount. Goodwill is tested for impairment at the reporting unit level, and is based on the net assets for each reporting unit, including goodwill and intangible assets. The Company’s reporting units are equivalent to the reportable operating segments, except for the Aerospace segment which has two reporting units. Goodwill is assigned to each reporting unit, as this represents the lowest level that constitutes a business and is the level at which management regularly reviews the operating results. The Company performs a quantitative analysis using a discounted cash flow model and other valuation techniques, but may elect to perform a qualitative analysis. The annual goodwill impairment test was performed using a quantitative analysis in 2024, except for the Vehicle and eMobility reporting units which used a qualitative analysis in 2024. The annual goodwill impairment test was performed using a qualitative analysis in 2023, except for the Vehicle reporting unit which used a quantitative analysis in 2023. A qualitative analysis is performed by assessing certain trends and factors, including projected market outlook and growth rates, forecasted and actual sales and operating profit margins, discount rates, industry data, and other relevant qualitative factors. These trends and factors are compared to, and based on, the assumptions used in the most recent quantitative analysis performed for each reporting unit. The results of the qualitative analyses did not indicate a need to perform quantitative analysis. Quantitative analyses were performed by estimating the fair value of the reporting unit using a discounted cash flow model. The model includes estimates of future cash flows, future growth rates, terminal value amounts, and the applicable weighted-average cost of capital used to discount those estimated cash flows. The future cash flows were based on the Company's long-term operating plan and a terminal value was used to estimate the reporting unit's cash flows beyond the period covered by the operating plan. The weighted-average cost of capital is an estimate of the overall after-tax rate of return required by equity and debt market holders of a business enterprise. These analyses require the exercise of judgments, including judgments about appropriate discount rates, perpetual growth rates, revenue growth, and margin assumptions. Sensitivity analyses were performed around certain of these assumptions in order to assess the reasonableness of the assumptions and the resulting estimated fair values. Based on these analyses performed in 2024 and 2023, the fair value of Eaton's reporting units continue to substantially exceed their respective carrying amounts and thus, no impairment exists. Indefinite life intangible assets consist of certain trademarks. They are evaluated annually for impairment as of July 1 using either a quantitative or qualitative analysis to determine whether their fair values exceed their respective carrying amounts. Indefinite life intangible asset impairment testing for 2024 and 2023 was performed using a quantitative analysis. The Company determines the fair value of these assets using a royalty relief methodology similar to that employed when the associated assets were acquired, but using updated estimates of future sales, cash flows, and profitability. Additionally, indefinite life intangible assets are evaluated for impairment whenever an event occurs or circumstances change that would indicate that it is more likely than not that the asset is impaired. For 2024 and 2023, the fair value of indefinite lived intangible assets exceeded the respective carrying value.
Leases	Leases The Company determines if an arrangement is a lease at inception. Operating lease assets and liabilities are recognized at the commencement date of the lease based on the present value of lease payments over the lease term. Lease assets represent the Company’s right to use an underlying asset for the lease term and lease liabilities represent the Company’s obligation to make lease payments arising from the lease. As most leases do not provide an implicit interest rate, Eaton uses its incremental borrowing rate based on the information available at the lease commencement date in determining the present value of lease payments. The length of a lease term includes options to extend or terminate the lease when it is reasonably certain that the Company will exercise those options. The Company made an accounting policy election to not recognize lease assets or liabilities for leases with a term of 12 months or less. Additionally, when accounting for leases, the Company combines payments for leased assets, related services and other components of a lease.
Other Long-Lived Assets	Other Long-Lived Assets Depreciation and amortization for property, plant and equipment, and intangible assets subject to amortization, are generally computed by the straight-line method and included in Cost of products sold, Selling and administrative expense, and Research and development expense, as appropriate. The Company uses the following depreciation and amortization periods: Category Estimated useful life or amortization period Buildings Generally 40 years Machinery and equipment 3 - 10 years Software 5 - 15 years Customer relationships, certain trademarks, and patents and technology Weighted-average of 18 years Other long-lived assets are reviewed for impairment whenever events or changes in circumstances indicate the carrying amount may not be recoverable. Upon indications of impairment, assets and liabilities are grouped at the lowest level for which identifiable cash flows are largely independent of the cash flows of other assets and liabilities. The asset group would be considered impaired when the estimated future net undiscounted cash flows generated by the asset group are less than its carrying value. Determining asset groups and underlying cash flows requires the use of significant judgment.
Retirement Benefits Plans	Retirement Benefits Plans For the principal pension plans in the United States, Canada, Puerto Rico, and the United Kingdom, the Company uses a market-related value of plan assets to calculate the expected return on assets used to determine net periodic benefit costs. The market-related value of plan assets is a calculated value that recognizes changes in the fair value of plan assets over a five year period. All other plans use fair value of plan assets. Net actuarial gains or losses are amortized to expense on a plan-by-plan basis when they exceed the accounting corridor. The Company’s corridors are set at either 8% or 10%, depending on the plan, of the greater of the plan assets or benefit obligations. Gains or losses outside of the corridor are subject to amortization over an average employee future service period that differs by plan. If most or all of the plan’s participants are no longer actively accruing benefits, the average life expectancy is used. The amortization periods on a weighted average basis for United States and Non-United States pension plans are approximately 21 years and 10 years, respectively. The amortization period for other postretirement benefits plans is 8 years.
Asset Retirement Obligations	Asset Retirement Obligations A conditional asset retirement obligation is recognized at fair value when incurred if the fair value of the liability can be reasonably estimated. Uncertainty about the timing or method of settlement of a conditional asset retirement obligation would be considered in the measurement of the liability when sufficient information exists. Eaton believes that for substantially all of its asset retirement obligations, there is an indeterminate settlement date because the range of time over which the Company may settle the obligation is unknown or cannot be estimated. A liability for these obligations will be recognized when sufficient information is available to estimate fair value.
Income Taxes	Income Taxes Deferred income tax assets and liabilities are determined based on the difference between the financial statement and tax basis of the respective assets and liabilities, using enacted tax rates in effect for the year when the differences are expected to reverse. Deferred income tax assets are recognized for income tax loss carryforwards and income tax credit carryforwards. Judgment is required in determining and evaluating income tax provisions and valuation allowances for deferred income tax assets. Eaton recognizes an income tax benefit from an uncertain tax position only if it is more likely than not that the tax position will be sustained on examination by taxing authorities, based on the technical merits of the position. Eaton evaluates and adjusts these accruals based on changing facts and circumstances. Eaton recognizes interest and penalties related to unrecognized income tax benefits in the provision for income tax expense. Eaton's policy is to recognize income tax effects from accumulated other comprehensive income when individual units of account are sold, terminated, or extinguished. For additional information about income taxes, see Note 12.
Derivative Financial Instruments and Hedging Activities	Derivative Financial Instruments and Hedging Activities Eaton uses derivative financial instruments to manage the exposure to the volatility in raw material costs, currency, and interest rates on certain debt. These instruments are marked to fair value in the accompanying Consolidated Balance Sheets. Changes in the fair value of derivative assets or liabilities (i.e., gains or losses) are recognized depending upon the type of hedging relationship and whether an instrument has been designated as a hedge. For those instruments that qualify for hedge accounting, Eaton designates the hedging instrument, based upon the exposure being hedged, as a cash flow hedge, a fair value hedge, or a hedge of a net investment in a foreign operation. Changes in fair value of these instruments that do not qualify for hedge accounting are recognized immediately in net income. See Note 16 for additional information about hedges and derivative financial instruments.
Revenue Recognition	Sales are recognized when obligations under the terms of the contract are satisfied and control of promised goods or services have transferred to our customers. Control is transferred when the customer has the ability to direct the use of and obtain benefits from the goods or services. Sales are measured at the amount of consideration the Company expects to be paid in exchange for these products or services. The majority of the Company’s sales agreements contain performance obligations satisfied at a point in time when title and risk and rewards of ownership have transferred to the customer. Sales recognized over time are less than 5% of Eaton’s consolidated Net sales. Sales recognized over time are generally accounted for using an input measure to determine progress completed at the end of the period. Sales for service contracts generally are recognized as the services are provided. For agreements with multiple performance obligations, judgment is required to determine whether performance obligations specified in these agreements are distinct and should be accounted for as separate revenue transactions for recognition purposes. In these types of agreements, we generally allocate sales price to each distinct obligation based on the price of each item sold in separate transactions. Due to the nature of the work required to be performed for obligations recognized over time, Eaton estimates total costs by contract. The estimate of total costs are subject to judgment. Estimated amounts are included in the recognized sales price to the extent it is not probable that a significant reversal of cumulative sales will occur. Additionally, contracts can be modified to account for changes in contract specifications, requirements or sale price. The effect of a contract modification on the sales price or adjustments to the measure of completion under the input method are recognized as adjustments to revenue on a cumulative catch-up basis. Payment terms vary by the type and location of the customer and the products or services offered. Generally, the time between when revenue is recognized and when payment is due is not significant. Eaton does not evaluate whether the selling price includes a financing interest component for contracts that are less than a year. Sales, value added, and other taxes collected concurrent with revenue are excluded from Net sales. Shipping and handling costs are treated as fulfillment costs and are included in Cost of products sold. Eaton records reductions to sales for returns, and customer and distributor incentives, primarily comprised of rebates, at the time of the initial sale. Rebates are estimated based on sales terms, historical experience, trend analysis, and projected market conditions in the various markets served. The rebate programs offered vary across businesses due to the numerous markets Eaton serves, but the most common incentives relate to amounts paid or credited to customers for achieving defined volume levels. Accrued rebates of $361 million and $402 million as of December 31, 2024 and 2023, respectively, are generally paid annually and are included in Other current liabilities. Returns are estimated at the time of the sale primarily based on historical experience and are recorded gross on the Consolidated Balance Sheets. Sales commissions are expensed when the amortization period is less than a year and are generally not capitalized as they are typically earned at the completion of the contract when the customer is invoiced or when the customer pays Eaton. Sales of products and services varies by segment and are discussed in Note 19. In the Electrical Americas segment, sales contracts are primarily for electrical components, industrial components, power distribution and assemblies, residential products, single phase power quality and connectivity, three phase power quality, wiring devices, circuit protection, utility power distribution, power reliability equipment, and services that are primarily produced and sold in North and South America. The majority of the sales in this segment contain performance obligations satisfied at a point in time either when we ship the product from our facility, or when it arrives at the customer’s facility. However, certain power distribution and power quality services are recognized over time. In the Electrical Global segment, sales contracts are primarily for electrical components, industrial components, power distribution and assemblies, single phase and three phase power quality, and services that are primarily produced and sold outside of North and South America, as well as hazardous duty electrical equipment, emergency lighting, fire detection, intrinsically safe explosion-proof instrumentation, and structural support systems that are produced and sold globally. The majority of the sales contracts in this segment contain performance obligations satisfied at a point in time either when we ship the product from our facility, or when it arrives at the customer’s facility. However, certain power distribution and power quality services are recognized over time. In the Aerospace segment, sales contracts are primarily for aerospace fuel, hydraulics, and pneumatic systems for commercial and military use, as well as filtration systems for industrial applications. These sales contracts are primarily based on a customer’s purchase order, and frequently covered by terms and conditions included in a long-term agreement. In this segment, performance obligations are generally satisfied at a point in time either when we ship the product from our facility, or when it arrives at the customer’s facility. Our military contracts are primarily fixed-price contracts that are not subject to performance-based payments or progress payments from the customer. Many of the products and services in power distribution and power quality services in the Electrical Americas and Electrical Global business segments and contracts to develop new products that are fully funded by customers in the Aerospace business segment meet the definition of continuous transfer of control to customers and are recognized over time. These products are engineered to a customer’s design specifications, have no alternative use to Eaton, and are controlled by the customer as evidenced by the customer’s contractual ownership of the work in process or our right to payment for work performed to date plus a reasonable margin. As control is transferring over time, sales are recognized based on the extent of progress towards completion of the obligation. Eaton generally uses an input method to determine the progress completed and sales are recorded proportionally as costs are incurred. Incurred costs represent work performed, which corresponds with, and thereby best depicts, the transfer of control to the customer. In the Vehicle segment, sales contracts are primarily for drivetrains, powertrain systems and critical components that reduce emissions and improve fuel economy, stability, performance, and safety of cars, light trucks, and commercial vehicles. These sales contracts are primarily based on a customer’s purchase order or a blanket purchase order subject to firm releases, frequently covered by terms and conditions included in a master supply agreement. In this segment, performance obligations are generally satisfied at a point in time either when we ship the product from our facility, or when it arrives at the customer’s facility. In the eMobility segment, sales contracts are primarily for mechanical, electrical, and electronic components and systems that improve the power management and performance of both on-road and off-road vehicles. These sales contracts are primarily based on a customer’s purchase order. In this segment, performance obligations are generally satisfied at a point in time either when we ship the product from our facility, or when it arrives at the customer’s facility. In limited circumstances, primarily in the Electrical and Vehicle segments, Eaton sells separately-priced warranties that extend the warranty coverage beyond the standard coverage offered on specific products. Sales for these separately-priced warranties are recorded based on their stand-alone selling price and are recognized as revenue over the length of the warranty period.

SUMMARY OF SIGNIFICANT ACCOUN_3

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)	12 Months Ended
	Dec. 31, 2024
Accounting Policies [Abstract]
Schedule of Depreciation and Amortization Periods	The Company uses the following depreciation and amortization periods: Category Estimated useful life or amortization period Buildings Generally 40 years Machinery and equipment 3 - 10 years Software 5 - 15 years Customer relationships, certain trademarks, and patents and technology Weighted-average of 18 years

ACQUISITIONS AND DIVESTITURE _2

ACQUISITIONS AND DIVESTITURE OF BUSINESSES (Tables)	12 Months Ended
	Dec. 31, 2024
Business Combination, Asset Acquisition, and Joint Venture Formation [Abstract]
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed	The final allocation as of the date of acquisition follows: (In millions) Final Allocation Accounts receivable $ 35 Inventory 46 Prepaid expenses and other current assets 1 Property, plant and equipment 31 Other intangible assets 341 Other assets 8 Accounts payable (25) Other current liabilities (14) Other noncurrent liabilities (68) Total identifiable net assets 355 Goodwill 255 Total consideration, net of cash received $ 610

REVENUE RECOGNITION (Tables)

REVENUE RECOGNITION (Tables)	12 Months Ended
	Dec. 31, 2024
Revenue from Contract with Customer [Abstract]
Schedule of Disaggregation of Sales	The following table provides disaggregated sales by lines of businesses, geographic destination, market channel or end market, as applicable, for the Company's operating segments: (In millions) 2024 2023 2022 Electrical Americas Products $ 3,009 $ 2,949 $ 2,732 Systems 8,426 7,149 5,765 Total $ 11,436 $ 10,098 $ 8,497 Electrical Global Products $ 3,493 $ 3,462 $ 3,424 Systems 2,755 2,622 2,424 Total $ 6,248 $ 6,084 $ 5,848 Aerospace Original Equipment Manufacturers $ 1,500 $ 1,350 $ 1,209 Aftermarket 1,312 1,183 977 Industrial and Other 931 878 854 Total $ 3,744 $ 3,413 $ 3,039 Vehicle Commercial $ 1,707 $ 1,784 $ 1,736 Passenger and Light Duty 1,083 1,180 1,094 Total $ 2,790 $ 2,965 $ 2,830 eMobility $ 662 $ 636 $ 538 Total net sales $ 24,878 $ 23,196 $ 20,752
Schedule of Changes in Deferred Revenue Liabilities	Changes in the deferred revenue liabilities are as follows: (In millions) Deferred Revenue Balance at January 1, 2023 $ 508 Customer deposits and billings 2,368 Revenue recognized in the period (2,256) Translation 6 Balance at December 31, 2023 $ 626 Customer deposits and billings 2,719 Revenue recognized in the period (2,712) Translation (15) Balance at December 31, 2024 $ 618

INVENTORY (Tables)

INVENTORY (Tables)	12 Months Ended
	Dec. 31, 2024
Inventory Disclosure [Abstract]
Schedule of Components of Inventory	The components of inventory are as follows: December 31 (In millions) 2024 2023 Raw materials $ 1,614 $ 1,515 Work-in-process 1,038 870 Finished goods 1,576 1,354 Total inventory $ 4,227 $ 3,739

GOODWILL AND OTHER INTANGIBLE_2

GOODWILL AND OTHER INTANGIBLE ASSETS (Tables)	12 Months Ended
	Dec. 31, 2024
Goodwill and Intangible Assets Disclosure [Abstract]
Schedule of Changes in Carrying Amount of Goodwill	Changes in the carrying amount of goodwill by segment are as follows: (In millions) January 1, 2023 Translation December 31, 2023 Additions Translation December 31, 2024 Electrical Americas $ 7,402 $ 13 $ 7,415 $ 17 $ (35) $ 7,396 Electrical Global 3,929 109 4,038 — (196) 3,842 Aerospace 2,844 57 2,901 — (45) 2,856 Vehicle 287 2 289 — (4) 285 eMobility 334 1 334 — (1) 333 Total $ 14,796 $ 181 $ 14,977 $ 17 $ (281) $ 14,713
Schedule of Other Intangible Assets	A summary of other intangible assets is as follows: December 31 2024 2023 (In millions) Historical Accumulated Historical Accumulated Intangible assets not subject to amortization Trademarks $ 1,200 $ 1,207 Intangible assets subject to amortization Customer relationships $ 4,659 $ 2,577 $ 4,742 $ 2,423 Patents and technology 1,979 1,056 1,990 948 Trademarks 1,107 693 1,123 642 Other 169 131 176 133 Total intangible assets subject to amortization $ 7,915 $ 4,456 $ 8,031 $ 4,146
Schedule of Amortization Expense of Intangible Assets	Amortization expense related to intangible assets subject to amortization in 2024, and estimated amortization expense for each of the next five years, is as follows: (In millions) 2024 $ 405 2025 396 2026 381 2027 372 2028 308 2029 271

SUPPLY CHAIN FINANCE PROGRAM (T

SUPPLY CHAIN FINANCE PROGRAM (Tables)	12 Months Ended
	Dec. 31, 2024
Payables and Accruals [Abstract]
Schedule of Changes in SCF Obligations	The changes in SCF obligations are as follows: (In millions) SCF Obligations Balance at January 1, 2023 $ 219 Invoices confirmed during the period 1,339 Invoices paid during the period (1,185) Translation (4) Balance at December 31, 2023 $ 369 Invoices confirmed during the period 1,424 Invoices paid during the period (1,389) Translation (6) Balance at December 31, 2024 $ 398

LEASES (Tables)

LEASES (Tables)	12 Months Ended
	Dec. 31, 2024
Leases [Abstract]
Schedule of Components of Lease Expense and Supplemental Cash Flow Information	The components of lease expense are as follows: (In millions) 2024 2023 2022 Operating lease cost $ 227 $ 200 $ 179 Finance lease cost: Amortization of lease assets 12 15 11 Interest on lease liabilities 1 1 1 Short-term lease cost 19 18 17 Variable lease cost 29 28 27 Sublease income (1) (1) (1) Total lease cost $ 287 $ 261 $ 234 Supplemental cash flow information related to leases is as follows: (In millions) 2024 2023 2022 Cash paid for amounts included in the measurement of lease liabilities: Operating cash outflows - payments on operating leases $ (200) $ (180) $ (159) Operating cash outflows - interest payments on finance leases (1) (1) (2) Financing cash outflows - payments on finance lease obligations (14) (18) (11) Lease assets obtained in exchange for new lease obligations, including leases acquired: Operating leases $ 268 $ 183 $ 245 Finance leases 13 38 10
Schedule of Supplemental Balance Sheet Information related to Leases	Supplemental balance sheet information related to leases is as follows: December 31 (In millions) 2024 2023 Operating Leases Operating lease assets $ 806 $ 648 Other current liabilities 163 135 Operating lease liabilities 669 533 Total operating lease liabilities $ 832 $ 668 Finance Leases Land and buildings $ 5 $ 13 Machinery and equipment 61 62 Accumulated depreciation (37) (36) Net property, plant and equipment $ 29 $ 39 Current portion of long-term debt $ 9 $ 13 Long-term debt 19 22 Total finance lease liabilities $ 28 $ 35 December 31 2024 2023 Weighted-average remaining lease term Operating leases 7.1 years 7.6 years Finance leases 4.2 years 4.4 years Weighted-average discount rate Operating leases 4.4 % 4.0 % Finance leases 3.7 % 3.6 %
Schedule of Maturities of Operating Lease Liabilities	Maturities of lease liabilities at December 31, 2024 are as follows: (In millions) Operating Leases Finance Leases 2025 $ 195 $ 10 2026 176 8 2027 149 6 2028 121 3 2029 78 2 Thereafter 266 3 Total lease payments 985 31 Less imputed interest 153 3 Total present value of lease liabilities $ 832 $ 28
Schedule of Maturities of Finance Lease Liabilities	Maturities of lease liabilities at December 31, 2024 are as follows: (In millions) Operating Leases Finance Leases 2025 $ 195 $ 10 2026 176 8 2027 149 6 2028 121 3 2029 78 2 Thereafter 266 3 Total lease payments 985 31 Less imputed interest 153 3 Total present value of lease liabilities $ 832 $ 28

DEBT (Tables)

DEBT (Tables)	12 Months Ended
	Dec. 31, 2024
Debt Disclosure [Abstract]
Schedule of Long-Term Debt, including Current Portion	A summary of long-term debt, including the current portion, is as follows: December 31 (In millions) 2024 2023 0.75% Euro notes due 2024 $ — $ 608 Floating rate Euro notes due 2024 — 332 6.50% debentures due 2025 145 145 0.70% Euro notes due 2025 520 553 0.128% Euro notes due 2026 935 995 3.10% senior notes due 2027 700 700 4.35% senior notes due 2028 500 500 7.65% debentures due 2029 200 200 0.577% Euro notes due 2030 624 663 3.601% Euro notes due 2031 520 — 4.00% senior notes due 2032 700 700 4.15% sustainability-linked senior notes due 2033 1,300 1,300 5.45% debentures due 2034 137 137 3.802% Euro notes due 2036 520 — 5.80% notes due 2037 240 240 4.15% senior notes due 2042 1,000 1,000 3.92% senior notes due 2047 300 300 4.70% senior notes due 2052 700 700 5.25% to 7.875% notes (maturities ranging from 2026 to 2035) 99 165 Other 13 25 Total long-term debt 9,152 9,261 Less current portion of long-term debt (674) (1,017) Long-term debt less current portion $ 8,478 $ 8,244
Schedule of Maturities of Long-Term Debt	Maturities of long-term debt for each of the next five years are as follows: (In millions) 2025 $ 674 2026 1,015 2027 705 2028 503 2029 202
Schedule of Interest Paid on Debt	Interest paid on debt is as follows: (In millions) 2024 $ 329 2023 319 2022 250

RETIREMENT BENEFITS PLANS (Tabl

RETIREMENT BENEFITS PLANS (Tables)	12 Months Ended
	Dec. 31, 2024
Retirement Benefits [Abstract]
Schedule of Obligations and Funded Status	Obligations and Funded Status United States Non-United States Other postretirement (In millions) 2024 2023 2024 2023 2024 2023 Funded status Fair value of plan assets $ 2,445 $ 2,604 $ 1,548 $ 1,633 $ 18 $ 17 Benefit obligations (2,700) (2,824) (1,863) (2,022) (196) (212) Funded status $ (255) $ (220) $ (315) $ (389) $ (178) $ (195) Amounts recognized in the Consolidated Other assets $ — $ — $ 231 $ 210 $ — $ — Other current liabilities (29) (18) (31) (33) (14) (15) Pension liabilities and Other postretirement (226) (202) (515) (566) (164) (180) Total $ (255) $ (220) $ (315) $ (389) $ (178) $ (195) Amounts recognized in Accumulated other Net actuarial loss (gain) $ 904 $ 867 $ 678 $ 649 $ (87) $ (92) Prior service cost (credit) 5 4 6 12 — (1) Total $ 909 $ 871 $ 684 $ 661 $ (87) $ (93)
Schedule of Change in Benefit Obligations	Change in Benefit Obligations United States Non-United States Other postretirement (In millions) 2024 2023 2024 2023 2024 2023 Balance at January 1 $ 2,824 $ 2,807 $ 2,022 $ 1,813 $ 212 $ 209 Service cost 18 19 46 43 1 1 Interest cost 134 142 85 85 10 10 Actuarial loss (gain) (20) 104 (82) 104 (11) 11 Gross benefits paid (258) (250) (121) (110) (29) (31) Currency translation — — (87) 85 (3) 1 Plan amendments 2 1 (3) (1) — — Other — — 3 3 16 11 Balance at December 31 $ 2,700 $ 2,824 $ 1,863 $ 2,022 $ 196 $ 212 Accumulated benefit obligation $ 2,686 $ 2,807 $ 1,766 $ 1,922
Schedule of Change in Plan Assets	Change in Plan Assets United States Non-United States Other postretirement (In millions) 2024 2023 2024 2023 2024 2023 Balance at January 1 $ 2,604 $ 2,635 $ 1,633 $ 1,486 $ 17 $ 16 Actual return on plan assets 84 203 (10) 86 1 1 Employer contributions 15 16 95 97 18 20 Gross benefits paid (258) (250) (121) (110) (29) (31) Currency translation — — (52) 71 — — Other — — 3 3 11 11 Balance at December 31 $ 2,445 $ 2,604 $ 1,548 $ 1,633 $ 18 $ 17
Schedule of Components of Pension Plans with Accumulated Benefit Obligations in Excess of Plan Assets	The components of pension plans with an accumulated benefit obligation in excess of plan assets at December 31 are as follows: United States Non-United States (In millions) 2024 2023 2024 2023 Accumulated benefit obligation $ 2,686 $ 2,807 $ 701 $ 742 Fair value of plan assets 2,445 2,604 209 203
Schedule of Components of Pension Plans with Projected Benefit Obligations in Excess of Plan Assets	The components of pension plans with a projected benefit obligation in excess of plan assets at December 31 are as follows: United States Non-United States (In millions) 2024 2023 2024 2023 Projected benefit obligation $ 2,700 $ 2,824 $ 772 $ 827 Fair value of plan assets 2,445 2,604 225 228
Schedule of Changes in Pension and Other Postretirement Benefits Liabilities recognized in Accumulated Other Comprehensive Income (Loss)	Changes in pension and other postretirement benefit liabilities recognized in Accumulated other comprehensive loss are as follows: United States Non-United States Other postretirement (In millions) 2024 2023 2024 2023 2024 2023 Balance at January 1 $ 871 $ 811 $ 661 $ 505 $ (93) $ (120) Prior service cost arising during the year 2 1 (3) (1) — — Net loss (gain) arising during the year 86 97 62 139 (7) 10 Currency translation — — (18) 29 — — Less amounts included in expense during the year (50) (38) (18) (11) 13 17 Net change for the year 38 60 23 156 6 27 Balance at December 31 $ 909 $ 871 $ 684 $ 661 $ (87) $ (93)
Schedule of Benefits Expense	The components of retirement benefits expense (income) are as follows: United States Non-United States pension benefit expense Other postretirement (In millions) 2024 2023 2022 2024 2023 2022 2024 2023 2022 Service cost $ 18 $ 19 $ 27 $ 46 $ 43 $ 59 $ 1 $ 1 $ 1 Interest cost 134 142 117 85 85 47 10 10 7 Expected return on plan assets (190) (195) (204) (134) (121) (115) (1) (1) (1) Amortization 9 4 15 11 7 45 (13) (17) (7) (29) (30) (46) 8 14 37 (3) (7) — Settlements, curtailments, and special termination benefits 41 34 61 7 4 2 — — — Total expense (income) $ 12 $ 4 $ 15 $ 15 $ 18 $ 39 $ (3) $ (7) $ —
Schedule of Assumptions Used to Determine Pension Plans Expense	Pension Plans United States Non-United States 2024 2023 2022 2024 2023 2022 Assumptions used to determine benefit obligation at year-end Discount rate 5.61 % 5.14 % 5.47 % 4.92 % 4.52 % 4.83 % Rate of compensation increase 3.32 % 3.40 % 3.33 % 3.16 % 3.17 % 3.12 % Interest rate used to credit cash balance plans 4.79 % 4.01 % 3.67 % 2.01 % 1.59 % 2.32 % Assumptions used to determine expense Discount rate used to determine benefit obligation 5.14 % 5.47 % 4.30 % 4.52 % 4.83 % 2.01 % Discount rate used to determine service cost 5.24 % 5.54 % 4.41 % 6.00 % 5.90 % 2.98 % Discount rate used to determine interest cost 4.98 % 5.33 % 3.94 % 4.47 % 4.80 % 1.84 % Expected long-term return on plan assets 6.50 % 6.50 % 6.50 % 6.79 % 6.32 % 5.70 % Rate of compensation increase 3.40 % 3.33 % 3.12 % 3.17 % 3.12 % 3.01 % Interest rate used to credit cash balance plans 4.01 % 3.67 % 2.62 % 1.59 % 2.32 % 0.56 %
Schedule of Assumptions Used to Determine Other Postretirement Benefits Obligations and Expense	Assumptions used to determine other postretirement benefits obligations and expense are as follows: Other postretirement 2024 2023 2022 Assumptions used to determine benefit obligation at year-end Discount rate 5.57 % 5.11 % 5.46 % Health care cost trend rate assumed for next year 6.70 % 7.70 % 7.10 % Ultimate health care cost trend rate 4.75 % 4.75 % 4.75 % Year ultimate health care cost trend rate is achieved 2034 2033 2031 Assumptions used to determine expense Discount rate used to determine benefit obligation 5.11 % 5.46 % 2.79 % Discount rate used to determine service cost 5.25 % 5.53 % 3.03 % Discount rate used to determine interest cost 4.96 % 5.32 % 2.24 % Initial health care cost trend rate 7.70 % 7.10 % 7.45 % Ultimate health care cost trend rate 4.75 % 4.75 % 4.75 % Year ultimate health care cost trend rate is achieved 2033 2031 2031
Schedule of Employer Contributions to Pension Plans	Contributions to pension plans that Eaton expects to make in 2025, and made in 2024, 2023 and 2022, are as follows: (In millions) Expected in 2025 2024 2023 2022 United States plans $ 29 $ 15 $ 16 $ 30 Non-United States plans 72 95 97 85 Total contributions $ 101 $ 110 $ 113 $ 116
Schedule of Expected Pension and Other Postretirement Benefit Payments and Expected Subsidy	The following table provides the estimated pension and other postretirement benefit payments for each of the next five years, and the five years thereafter in the aggregate. For other postretirement benefits liabilities, the Company expects minor subsidy receipts related to the Medicare Prescription Drug, Improvement, and Modernization Act of 2003 that would reduce the estimated payments listed below. (In millions) Estimated Estimated Estimated other postretirement 2025 $ 291 $ 112 $ 16 2026 269 119 15 2027 254 118 19 2028 248 120 18 2029 236 126 17 2030 - 2034 1,049 669 78
Schedule of Fair Value of Pension Plan Assets	A summary of the fair value of pension plan assets at December 31, 2024 and 2023, is as follows: (In millions) Total Quoted prices Other Unobservable inputs (Level 3) 1 2024 Common collective trusts Non-United States equity and global equities $ 241 $ — $ 241 $ — Fixed income 28 — 28 — Fixed income securities 1,582 — 1,582 — United States treasuries 461 453 8 — Real estate 212 63 25 124 Cash equivalents 83 55 28 — Exchange traded funds 91 91 — — Other 402 — 40 362 Common collective and other trusts measured at net asset value 978 Pending purchases and sales of plan assets, and interest (85) Total pension plan assets $ 3,993 $ 662 $ 1,952 $ 486 1 These pension plan assets include private equity, private credit and private real estate funds that generally have redemption notice periods of six months or longer and are often not eligible for redemption until the underlying assets are liquidated or distributed. The Company has unfunded commitments to these funds of approximately $128 million at December 31, 2024, which will be satisfied by a reallocation of pension plan assets. (In millions) Total Quoted prices Other Unobservable inputs (Level 3) 1 2023 Common collective trusts Non-United States equity and global equities $ 154 $ — $ 154 $ — United States equity 76 — 76 — Fixed income 115 — 115 — Fixed income securities 1,607 — 1,607 — United States treasuries 566 566 — — Real estate 291 65 27 199 Cash equivalents 36 14 22 — Exchange traded funds 84 84 — — Other 405 — 35 370 Common collective and other trusts measured at net asset value 968 Money market funds measured at net asset value 2 Pending purchases and sales of plan assets, and interest (67) Total pension plan assets $ 4,237 $ 729 $ 2,036 $ 569 1 These pension plan assets include private equity, private credit and private real estate funds that generally have redemption notice periods of six months or longer, and are often not eligible for redemption until the underlying assets are liquidated or distributed. The Company has unfunded commitments to these funds of approximately $154 million at December 31, 2023, which will be satisfied by a reallocation of pension plan assets.
Schedule of Fair Value Measurement of Plan Assets using Significant Unobservable Inputs	The fair value measurement of plan assets using significant unobservable inputs (Level 3) changed during 2024 and 2023 due to the following: (In millions) Real estate Other Total Balance at January 1, 2023 $ 199 $ 360 $ 559 Actual return on plan assets: Gains (losses) relating to assets still held at year-end 7 19 26 Purchases, sales, settlements - net (7) — (7) Transfers into or out of Level 3 — (9) (9) Balance at December 31, 2023 199 370 569 Actual return on plan assets: Gains (losses) relating to assets still held at year-end (24) 29 5 Purchases, sales, settlements - net (51) (37) (88) Transfers into or out of Level 3 — — — Balance at December 31, 2024 $ 124 $ 362 $ 486
Schedule of Fair Value of Other Postretirement Benefits Plan Assets	A summary of the fair value of other postretirement benefits plan assets at December 31, 2024 and 2023, is as follows: (In millions) Total Quoted prices Other Unobservable 2024 Cash equivalents $ 3 $ 3 $ — $ — Common collective and other trusts measured at net asset value 15 Total other postretirement benefits plan assets $ 18 $ 3 $ — $ — (In millions) Total Quoted prices Other Unobservable 2023 Cash equivalents $ 2 $ 2 $ — $ — Common collective and other trusts measured at net asset value 15 Total other postretirement benefits plan assets $ 17 $ 2 $ — $ —
Schedule of Employer Contributions to Defined Contribution Benefit Plans, Charged to Expense	The total contributions related to these plans are charged to expense and are as follows: (In millions) 2024 $ 220 2023 201 2022 182

COMMITMENTS AND CONTINGENCIES (

COMMITMENTS AND CONTINGENCIES (Tables)	12 Months Ended
	Dec. 31, 2024
Commitments and Contingencies Disclosure [Abstract]
Schedule of Current and Long-Term Warranty Accruals	A summary of the current and long-term warranty accruals is as follows: (In millions) 2024 2023 2022 Balance at January 1 $ 136 $ 125 $ 125 Provision 81 100 83 Settled (65) (91) (81) Other (3) 2 (2) Balance at December 31 $ 150 $ 136 $ 125

INCOME TAXES (Tables)

INCOME TAXES (Tables)	12 Months Ended
	Dec. 31, 2024
Income Tax Disclosure [Abstract]
Schedule of Income (Loss) before Income Taxes	Eaton Corporation plc is domiciled in Ireland. Income (loss) before income taxes and income tax expense (benefit) are summarized below based on the geographic location of the operation to which such earnings and income taxes are attributable. Income (loss) before income taxes (In millions) 2024 2023 2022 Ireland $ 183 $ (3) $ 198 Foreign 4,383 3,830 2,713 Total income before income taxes $ 4,566 $ 3,827 $ 2,911
Schedule of Income Tax Expense (Benefit)	Income tax expense (benefit) (In millions) 2024 2023 2022 Current Ireland $ 128 $ 42 $ 3 Foreign 794 744 570 Total current income tax expense 922 786 573 Deferred Ireland (16) 1 13 Foreign (138) (183) (141) Total deferred income tax expense (benefit) (154) (182) (128) Total income tax expense $ 768 $ 604 $ 445
Schedule of Reconciliation of Effective Income Tax Rate	Reconciliations of income taxes from the Ireland national statutory rate of 25% to the consolidated effective income tax rate are as follows: 2024 2023 2022 Income taxes at the applicable statutory rate 25.0 % 25.0 % 25.0 % Ireland operations Ireland tax on trading income (0.9) % (1.3) % (1.3) % Nondeductible interest expense 0.9 % 2.6 % 1.0 % Ireland Other - net 1.2 % (0.2) % (0.5) % Foreign operations Earnings taxed at other than the applicable statutory tax rate (6.7) % (9.9) % (10.2) % Other items (0.2) % 2.2 % 1.6 % Worldwide operations Adjustments to tax liabilities 0.1 % (0.2) % (0.4) % Adjustments to valuation allowances (2.6) % (2.4) % 0.1 % Effective income tax expense rate 16.8 % 15.8 % 15.3 %
Schedule of Worldwide Income Tax Payments	Worldwide income tax payments, net of tax refunds, are as follows: (In millions) 2024 $ 752 2023 727 2022 393
Schedule of Components of Deferred Income Taxes	Components of noncurrent deferred income taxes are as follows: December 31 2024 2023 (In millions) Noncurrent assets and liabilities Accruals and other adjustments Employee benefits $ 295 $ 328 Depreciation and amortization (791) (929) Other accruals and adjustments 460 408 Ireland income tax loss carryforwards 1 2 Foreign income tax loss carryforwards 3,674 3,878 Foreign income tax credit carryforwards 252 247 Valuation allowance for income tax loss and income tax credit carryforwards (3,556) (3,828) Other valuation allowances — (50) Total deferred income taxes $ 334 $ 56
Schedule of Foreign Tax Loss Carryforwards and Income Tax Credit Carryforwards	These carryforwards and their respective expiration dates are summarized below: (In millions) 2025 2030 2035 2040 Not Ireland income tax loss carryforwards $ — $ — $ — $ — $ 9 $ — Ireland deferred income tax assets for income tax loss — — — — 1 (1) Foreign income tax loss carryforwards 40 462 11,172 122 5,627 — Foreign deferred income tax assets for income tax loss carryforwards 11 112 2,670 30 853 (3,417) Foreign deferred income tax assets for income tax loss carryforwards after ASU 2013-11 10 112 2,670 30 852 (3,417) Foreign income tax credit carryforwards 176 39 35 4 40 (138) Foreign income tax credit carryforwards after ASU 2013-11 145 31 32 4 40 (138)
Schedule of Unrecognized Tax Benefits	A summary of gross unrecognized income tax benefits is as follows: (In millions) 2024 2023 2022 Balance at January 1 $ 1,300 $ 1,235 $ 1,120 Increases and decreases as a result of positions taken during prior years Other increases, including currency translation 22 42 36 Other decreases, including currency translation (22) (5) (16) Increases related to acquired businesses — — 10 Increases as a result of positions taken during the current year 93 86 97 Decreases relating to settlements with tax authorities (18) (6) — Decreases as a result of a lapse of the applicable statute of limitations (14) (52) (12) Balance at December 31 $ 1,361 $ 1,300 $ 1,235

EATON SHAREHOLDERS' EQUITY (Tab

EATON SHAREHOLDERS' EQUITY (Tables)	12 Months Ended
	Dec. 31, 2024
Equity [Abstract]
Schedule of Pre-Tax and After-Tax Amounts Recognized in Comprehensive Income (Loss)	The following table summarizes the pre-tax and after-tax amounts recognized in Comprehensive income (loss): 2024 2023 2022 (In millions) Pre-tax After-tax Pre-tax After-tax Pre-tax After-tax Currency translation and related hedging instruments Gain (loss) from currency translation and related hedging $ (358) $ (355) $ 252 $ 247 $ (632) $ (647) Amortization of gains on net investment hedges (amount (15) (15) (12) (12) — — (373) (370) 241 235 (632) (647) Pensions and other postretirement benefits Prior service credit (cost) arising during the year 1 1 — — — — Net gain (loss) arising during the year (141) (104) (246) (189) 45 31 Currency translation 18 13 (29) (21) 65 56 Amortization of actuarial loss and prior service cost 55 41 32 24 116 89 (67) (49) (243) (185) 226 175 Cash flow hedges Gain on derivatives designated as cash flow hedges (6) (5) 63 50 210 166 Changes in cash flow hedges reclassified to earnings (16) (12) (78) (61) (9) (7) (22) (17) (14) (11) 201 159 Other comprehensive income (loss) attributable to Eaton ordinary shareholders $ (462) $ (436) $ (17) $ 39 $ (205) $ (313)
Schedule of Changes in Accumulated Other Comprehensive Income (Loss)	The changes in Accumulated other comprehensive loss are as follows: (In millions) Currency translation and related hedging instruments Pensions and other postretirement benefits Cash flow Total Balance at January 1, 2024 $ (3,029) $ (995) $ 118 $ (3,906) Other comprehensive income (loss) before (355) (90) (5) (450) Amounts reclassified from Accumulated other (15) 41 (12) 14 Net current-period Other comprehensive (370) (49) (17) (436) Balance at December 31, 2024 $ (3,399) $ (1,044) $ 101 $ (4,342)
Schedule of Reclassifications out of Accumulated Other Comprehensive Income (Loss)	The reclassifications out of Accumulated other comprehensive loss are as follows: (In millions) December 31, 2024 Consolidated Statements Gains and (losses) on net investment hedges (amount excluded Currency exchange contracts $ 15 Interest expense - net Tax expense — Total, net of tax 15 Amortization of defined benefits pensions and other Actuarial loss and prior service cost (55) 1 Tax benefit 15 Total, net of tax (41) Gains and (losses) on cash flow hedges Floating-to-fixed interest rate swaps 13 Interest expense - net Currency exchange contracts (1) Net sales and Cost of products sold Commodity contracts 4 Cost of products sold Tax expense (3) Total, net of tax 12 Total reclassifications for the period $ (14) 1 These components of Accumulated other comprehensive loss are included in the computation of net periodic benefit cost. See Note 10 for additional information about pension and other postretirement benefits items.
Schedule of Net Income per Share	A summary of the calculation of net income per share attributable to Eaton ordinary shareholders is as follows: (In millions except for per share data) 2024 2023 2022 Net income attributable to Eaton ordinary shareholders $ 3,794 $ 3,218 $ 2,462 Weighted-average number of ordinary shares outstanding - diluted 399.4 401.1 400.8 Less dilutive effect of equity-based compensation 1.8 2.0 2.1 Weighted-average number of ordinary shares outstanding - basic 397.6 399.1 398.7 Net income per share attributable to Eaton ordinary shareholders Diluted $ 9.50 $ 8.02 $ 6.14 Basic 9.54 8.06 6.17

EQUITY-BASED COMPENSATION (Tabl

EQUITY-BASED COMPENSATION (Tables)	12 Months Ended
	Dec. 31, 2024
Share-Based Payment Arrangement [Abstract]
Schedule of RSU and RSA activity	A summary of the RSU and RSA activity for 2024 is as follows: (Restricted stock units and awards in millions) Number of restricted Weighted-average fair Non-vested at January 1 0.9 $ 150.55 Granted 0.3 289.23 Vested (0.4) 163.32 Forfeited — 197.75 Non-vested at December 31 0.7 $ 202.76
Schedule of Information Related to RSUs and RSAs	Information related to RSUs and RSAs is as follows: (In millions) 2024 2023 2022 Pre-tax expense for RSUs and RSAs $ 74 $ 65 $ 65 After-tax expense for RSUs and RSAs 58 51 51 Fair value of vested RSUs and RSAs 126 84 98
Schedule of Assumptions Used in Determining Fair Value of PSUs	A summary of the assumptions used in determining fair value of these PSUs is as follows: 2024 2023 2022 Expected volatility 26 % 27 % 35 % Risk-free interest rate 4.36 % 4.35 % 1.71 % Weighted-average fair value of PSUs granted $ 362.38 $ 203.18 $ 171.63
Schedule of PSU Activity	A summary of these PSUs that vested is as follows: (Performance share units in millions) 2024 2023 2022 Percent payout 163 % 187 % 178 % Shares vested 0.2 0.3 0.4 A summary of the 2024 activity for these PSUs is as follows: (Performance share units in millions) Number of performance Weighted-average fair Non-vested at January 1 0.3 $ 162.67 Granted 1 0.1 362.38 Adjusted for performance results achieved 2 0.1 171.63 Vested (0.2) 171.63 Forfeited — 228.66 Non-vested at December 31 0.2 $ 248.21 1 Performance shares granted assuming the Company will perform at target relative to peers. 2 Adjustments for the number of shares vested under the 2022 awards at the end of the three-year performance period ended December 31, 2024, being higher than the target number of shares.
Schedule of Information Related to PSUs	Information related to PSUs is as follows: (In millions) 2024 2023 2022 Pre-tax expense for PSUs $ 23 $ 22 $ 21 After-tax expense for PSUs 18 17 17
Schedule of Assumptions Used in Determining Fair Value of Stock Options	A summary of the assumptions used in determining the fair value of stock options is as follows: 2024 2023 2022 Expected volatility 29 % 27 % 27 % Expected option life in years 6.3 6.3 6.6 Expected dividend yield 1.5 % 2.0 % 2.0 % Risk-free interest rate 4.0 to 4.5% 4.1 to 4.3% 0.3 to 3.0% Weighted-average fair value of stock options granted $ 93.42 $ 48.79 $ 36.56
Schedule of Stock Option Activity	A summary of stock option activity is as follows: (Options and aggregate intrinsic value in millions) Weighted-average Options Weighted-average Aggregate Outstanding at January 1, 2024 $ 103.76 2.2 Granted 288.50 0.2 Exercised 88.51 (0.8) Forfeited and canceled 164.15 — Outstanding at December 31, 2024 $ 130.25 1.6 5.4 $ 313 Exercisable at December 31, 2024 $ 102.36 1.2 4.5 $ 273 Reserved for future grants at December 31, 2024 18.2
Schedule of Information Related to Stock Options	Information related to stock options is as follows: (In millions) 2024 2023 2022 Pre-tax expense for stock options $ 11 $ 10 $ 11 After-tax expense for stock options 9 8 9 Proceeds from stock options exercised 69 78 28 Income tax benefit related to stock options exercised Tax benefit classified in operating activities in the Consolidated 30 22 6 Intrinsic value of stock options exercised 165 116 29 Total fair value of stock options vested $ 11 $ 10 $ 11 Stock options exercised 0.8 1.0 0.4

FAIR VALUE MEASUREMENTS (Tables

FAIR VALUE MEASUREMENTS (Tables)	12 Months Ended
	Dec. 31, 2024
Fair Value Disclosures [Abstract]
Schedule of Financial Instruments Recognized at Fair Value	A summary of financial instruments and contingent consideration recognized at fair value, and the fair value measurements used, is as follows: (In millions) Total Quoted prices in active markets for identical assets Other observable inputs Unobservable inputs December 31, 2024 Cash $ 555 $ 555 $ — $ — Short-term investments 1,525 1,525 — — Net derivative contracts (16) — (16) — Contingent future payments from acquisition of Green Motion (6) — — (6) December 31, 2023 Cash $ 488 $ 488 $ — $ — Short-term investments 2,121 2,121 — — Net derivative contracts 11 — 11 — Contingent future payments from acquisition of Green Motion (18) — — (18)
Schedule of Carrying Value of Short-Term Investments	A summary of short-term investments is as follows: December 31 (In millions) 2024 2023 Time deposits and certificates of deposit with banks $ 157 $ 299 Money market investments 1,368 1,822 Total short-term investments $ 1,525 $ 2,121

DERIVATIVE FINANCIAL INSTRUME_2

DERIVATIVE FINANCIAL INSTRUMENTS AND HEDGING ACTIVITIES (Tables)	12 Months Ended
	Dec. 31, 2024
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Schedule of Derivative Financial Instruments	A summary of interest rate swaps outstanding at December 31, 2024, is as follows: Forward Starting Floating-to-Fixed Interest Rate Swaps (Notional amount in millions) Notional amount Floating interest Fixed interest Basis for contracted floating interest rate received $ 78 —% 2.52% 6 month Euribor 78 —% 2.38% 6 month Euribor The fair value of derivative financial instruments recognized in the Consolidated Balance Sheets is as follows: (In millions) Notional Other Other Other Other Type of Term December 31, 2024 Derivatives designated as hedges Forward starting floating-to-fixed interest rate swaps $ 156 $ — $ — $ — $ 1 Cash flow 11 years Currency exchange contracts 499 12 — 14 — Cash flow 1 to 13 months Commodity contracts 4 — — — — Cash flow 1 to 11 months Currency exchange contracts 545 3 — — — Net investment 3 months Total $ 15 $ — $ 14 $ 1 Derivatives not designated as hedges Currency exchange contracts $ 4,945 $ 13 $ 29 1 to 7 months December 31, 2023 Derivatives designated as hedges Forward starting floating-to-fixed interest rate swaps $ 165 $ — $ — $ — $ 3 Cash flow 8 years Currency exchange contracts 505 17 3 7 1 Cash flow 1 to 25 months Commodity contracts 54 1 — 1 — Cash flow 1 to 12 months Currency exchange contracts 564 — — 1 — Net investment 3 months Total $ 17 $ 3 $ 9 $ 4 Derivatives not designated as hedges Currency exchange contracts $ 4,797 $ 12 $ 8 1 to 7 months
Schedule of Notional Amounts of Outstanding Derivative Positions and Commodity Contracts	As of December 31, 2024, the volume of outstanding commodity contracts that were entered into to hedge forecasted transactions: Commodity December 31, 2024 Term Copper 1 Millions of pounds 1 to 11 months Gold 165 Troy ounces 1 month
Schedule Of Derivative Instruments Recorded In Balance Sheet	(In millions) Carrying amount of the hedged Cumulative amount of fair value hedging adjustment included in the carrying amount of the hedged asset (liabilities) 1 Location on Consolidated Balance Sheets December 31, 2024 December 31, 2023 December 31, 2024 December 31, 2023 Long-term debt $ (647) $ (713) $ (37) $ (42) 1 At December 31, 2024 and 2023, these amounts include the cumulative liability amount of fair value hedging adjustments remaining for which the hedge accounting has been discontinued of $37 million and $42 million, respectively.
Schedule of Impact of Hedging Activities to Consolidated Statement of Income	The impact of cash flow and fair value hedging activities to the Consolidated Statements of Income is as follows: 2024 (In millions) Net sales Cost of products sold Interest expense - net Amounts from Consolidated Statements of Income $ 24,878 $ 15,375 $ 130 Gain (loss) on derivatives designated as cash flow hedges Forward starting floating-to-fixed interest rate swaps Hedged item $ — $ — $ (13) Derivative designated as hedging instrument — — 13 Currency exchange contracts Hedged item $ 2 $ (1) $ — Derivative designated as hedging instrument (2) 1 — Commodity contracts Hedged item $ — $ (4) $ — Derivative designated as hedging instrument — 4 — 2023 (In millions) Net sales Cost of products sold Interest expense - net Amounts from Consolidated Statements of Income $ 23,196 $ 14,762 $ 151 Gain (loss) on derivatives designated as cash flow hedges Forward starting floating-to-fixed interest rate swaps Hedged item $ — $ — $ (13) Derivative designated as hedging instrument — — 13 Currency exchange contracts Hedged item $ (2) $ (58) $ — Derivative designated as hedging instrument 2 58 — Commodity contracts Hedged item $ — $ (1) $ — Derivative designated as hedging instrument — 1 — 2022 (In millions) Net sales Cost of products sold Interest expense - net Amounts from Consolidated Statements of Income $ 20,752 $ 13,865 $ 144 Gain (loss) on derivatives designated as cash flow hedges Forward starting floating-to-fixed interest rate swaps Hedged item $ — $ — $ (4) Derivative designated as hedging instrument — — 4 Currency exchange contracts Hedged item $ 17 $ (26) $ — Derivative designated as hedging instrument (17) 26 — Commodity contracts Hedged item $ — $ 4 $ — Derivative designated as hedging instrument — (4) — Gain (loss) on derivatives designated as fair value hedges Fixed-to-floating interest rate swaps Hedged item $ — $ — $ 8 Derivative designated as hedging instrument — — (8)
Schedule of Amounts Recognized in Net Income	The impact of derivatives not designated as hedges to the Consolidated Statements of Income is as follows: Gain (loss) recognized in Consolidated Statements of Income Consolidated Statements of Income classification (In millions) 2024 2023 2022 Gain (loss) on derivatives not designated as hedges Currency exchange contracts $ (14) $ 57 $ (56) Interest expense - net Commodity contracts — — (15) Other income - net Total $ (14) $ 57 $ (71)
Schedule of Amounts Recognized in Accumulated Other Comprehensive Income (Loss)	The impact of derivative and non-derivative instruments designated as hedges to the Consolidated Statements of Income and Comprehensive Income is as follows: Gain (loss) recognized in other (In millions) 2024 2023 2022 Derivatives designated as cash flow hedges Forward starting floating-to-fixed interest rate swaps $ 5 $ (2) $ 202 Currency exchange contracts (15) 66 13 Commodity contracts 4 — (5) Derivatives designated as net investment hedges Currency exchange contracts Effective portion 19 8 — Amount excluded from effectiveness testing 12 15 — Non-derivative designated as net investment hedges Foreign currency denominated debt 191 (110) 171 Total $ 216 $ (24) $ 381 Location of gain (loss) Gain (loss) reclassified (In millions) 2024 2023 2022 Derivatives designated as cash flow hedges Forward starting floating-to-fixed interest rate swaps Interest expense - net $ 13 $ 13 $ 4 Currency exchange contracts Net sales and Cost of products sold (1) 64 9 Commodity contracts Cost of products sold 4 1 (4) Derivatives designated as net investment hedges Currency exchange contracts Effective portion Gain (loss) on sale of business — — — Amount excluded from effectiveness testing Interest expense - net 15 12 — Non-derivative designated as net investment hedges Foreign currency denominated debt Gain (loss) on sale of business — — — Total $ 31 $ 89 $ 9

RESTRUCTURING CHARGES (Tables)

RESTRUCTURING CHARGES (Tables)	12 Months Ended
	Dec. 31, 2024
Restructuring and Related Activities [Abstract]
Schedule of Restructuring Program Charges	A summary of restructuring program charges (income) is as follows: (In millions except for per share data) 2024 2023 2022 Workforce reductions $ 120 $ 19 $ (13) Plant closing and other 83 38 47 Total before income taxes 202 57 33 Income tax benefit 43 11 4 Total after income taxes $ 160 $ 46 $ 29 Per ordinary share - diluted $ 0.40 $ 0.11 $ 0.07 Restructuring program charges (income) related to the following segments: (In millions) 2024 2023 2022 Electrical Americas $ 12 $ 5 $ 17 Electrical Global 88 26 14 Aerospace 9 5 8 Vehicle 40 6 (15) eMobility 25 7 1 Corporate 29 8 8 Total $ 202 $ 57 $ 33
Schedule of Liabilities Related to Restructuring	A summary of liabilities related to workforce reductions, plant closing, and other associated costs is as follows: (In millions) Workforce reductions Plant closing and other Total Balance at January 1, 2024 $ 35 $ 6 $ 41 Liability recognized, net 120 83 202 Payments, utilization and translation (59) (81) (141) Balance at December 31, 2024 $ 96 $ 7 $ 103

BUSINESS SEGMENT INFORMATION (T

BUSINESS SEGMENT INFORMATION (Tables)	12 Months Ended
	Dec. 31, 2024
Segment Reporting [Abstract]
Schedule of Business Segment Information	Business Segment Information (In millions) 2024 2023 2022 Net sales Electrical Americas $ 11,436 $ 10,098 $ 8,497 Electrical Global 6,248 6,084 5,848 Aerospace 3,744 3,413 3,039 Vehicle 2,790 2,965 2,830 eMobility 662 636 538 Total net sales $ 24,878 $ 23,196 $ 20,752 Other segment items Electrical Americas $ 7,981 $ 7,423 $ 6,584 Electrical Global 5,099 4,908 4,714 Aerospace 2,885 2,633 2,334 Vehicle 2,288 2,483 2,377 eMobility 669 657 547 Total other segment items $ 18,919 $ 18,103 $ 16,556 Segment operating profit (loss) Electrical Americas $ 3,455 $ 2,675 $ 1,913 Electrical Global 1,149 1,176 1,134 Aerospace 859 780 705 Vehicle 502 482 453 eMobility (7) (21) (9) Total segment operating profit 5,959 5,093 4,196 Corporate Intangible asset amortization expense (425) (450) (499) Interest expense - net (130) (151) (144) Pension and other postretirement benefits income 40 46 43 Restructuring program charges (202) (57) (33) Other expense - net (675) (654) (653) Income before income taxes 4,566 3,827 2,911 Income tax expense 768 604 445 Net income 3,798 3,223 2,465 Less net income for noncontrolling interests (4) (5) (4) Net income attributable to Eaton ordinary shareholders $ 3,794 $ 3,218 $ 2,462
Schedule of Identifiable Assets, Capital Expenditures, and Depreciation by Segment	(In millions) 2024 2023 2022 Identifiable assets Electrical Americas $ 4,933 $ 4,163 $ 3,655 Electrical Global 3,233 2,868 2,658 Aerospace 2,392 2,276 1,859 Vehicle 1,987 2,251 2,230 eMobility 633 563 402 Total identifiable assets 13,178 12,121 10,804 Goodwill 14,713 14,977 14,796 Other intangible assets 4,658 5,091 5,485 Corporate 5,833 6,243 3,929 Total assets $ 38,381 $ 38,432 $ 35,014 Capital expenditures for property, plant and equipment Electrical Americas $ 362 $ 309 $ 181 Electrical Global 163 142 151 Aerospace 83 97 92 Vehicle 94 96 95 eMobility 64 76 52 Total 766 721 571 Corporate 42 36 28 Total expenditures for property, plant and equipment $ 808 $ 757 $ 598 Depreciation of property, plant and equipment Electrical Americas $ 118 $ 108 $ 101 Electrical Global 102 96 94 Aerospace 70 69 64 Vehicle 95 92 89 eMobility 24 21 16 Total 409 386 364 Corporate 37 43 44 Total depreciation of property, plant and equipment $ 446 $ 429 $ 408
Schedule of Geographic Region Information	Net sales are measured based on the geographic destination of sales. Long-lived assets consist of property, plant and equipment - net. (In millions) 2024 2023 2022 Net sales United States $ 15,151 $ 14,071 $ 12,353 Canada 1,058 949 754 Latin America 1,680 1,549 1,504 Europe 4,530 4,339 3,957 Asia Pacific 2,459 2,288 2,185 Total $ 24,878 $ 23,196 $ 20,752 Long-lived assets United States $ 1,990 $ 1,773 $ 1,567 Canada 31 31 25 Latin America 465 476 383 Europe 790 797 711 Asia Pacific 453 453 460 Total $ 3,729 $ 3,530 $ 3,146

SUMMARY OF SIGNIFICANT ACCOUN_4

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Narrative (Details) $ in Millions	12 Months Ended
	Dec. 31, 2024 USD ($) reporting_unit country	Dec. 31, 2023 USD ($)	Dec. 31, 2022 USD ($)
Long-Lived Assets [Line Items]
Net sales	$ 24,878	$ 23,196	$ 20,752
Countries where products are sold (more than) | country	160
Investments in associate companies	$ 872	860
Income (loss) from investments in associate companies	12	20	(5)
Gains from remeasurement of foreign currency	$ 15	27	67
Other postretirement benefits plans
Long-Lived Assets [Line Items]
Defined benefit plan, amortization period of gain (loss)	8 years
Aerospace Segment
Long-Lived Assets [Line Items]
Net sales	$ 3,744	$ 3,413	$ 3,039
Number of reporting units | reporting_unit	2
United States | Pension plans
Long-Lived Assets [Line Items]
Defined benefit plan, amortization period of gain (loss)	21 years
Non-United States plans | Pension plans
Long-Lived Assets [Line Items]
Defined benefit plan, amortization period of gain (loss)	10 years
Minimum
Long-Lived Assets [Line Items]
Defined benefit plan, accounting corridor for amortization of net actuarial gains (losses) (as a percent)	8%
Maximum
Long-Lived Assets [Line Items]
Defined benefit plan, accounting corridor for amortization of net actuarial gains (losses) (as a percent)	10%

SUMMARY OF SIGNIFICANT ACCOUN_5

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Summary of Depreciation and Amortization Periods (Details)	Dec. 31, 2024
Customer relationships
Long-Lived Assets [Line Items]
Weighted-average amortization period of finite-lived intangible assets	18 years
Patents and technology
Long-Lived Assets [Line Items]
Weighted-average amortization period of finite-lived intangible assets	18 years
Certain trademarks
Long-Lived Assets [Line Items]
Weighted-average amortization period of finite-lived intangible assets	18 years
Buildings
Long-Lived Assets [Line Items]
Useful life	40 years
Machinery and equipment | Minimum
Long-Lived Assets [Line Items]
Useful life	3 years
Machinery and equipment | Maximum
Long-Lived Assets [Line Items]
Useful life	10 years
Software | Minimum
Long-Lived Assets [Line Items]
Useful life	5 years
Software | Maximum
Long-Lived Assets [Line Items]
Useful life	15 years

ACQUISITIONS AND DIVESTITURE _3

ACQUISITIONS AND DIVESTITURE OF BUSINESSES - Narrative (Details) - USD ($) $ in Millions			3 Months Ended		12 Months Ended
	Jan. 05, 2022	Aug. 02, 2021	Jun. 30, 2022	Mar. 31, 2022	Dec. 31, 2022	Dec. 31, 2021	May 31, 2024	Apr. 23, 2023	Jul. 01, 2022
Business Acquisition [Line Items]
Disposal Group, Not Discontinued Operation, Gain (Loss) On Disposal, Statement Of Income Or Comprehensive Income, Not Disclosed Flag						Sale of Hydraulics business
War With Russia And Ukraine
Business Acquisition [Line Items]
Other nonoperating income (expense)			$ (29)
Royal Power Solutions
Business Acquisition [Line Items]
Total consideration to be transferred for acquisition	$ 610
Other intangible assets	341
Operating profit of acquiree since acquisition date					$ 21
Revenue of acquiree since acquisition date					$ 158
Royal Power Solutions | Customer relationships
Business Acquisition [Line Items]
Other intangible assets	$ 230
Useful life of intangible assets acquired	17 years
Royal Power Solutions | Technology intangible assets
Business Acquisition [Line Items]
Other intangible assets	$ 90
Useful life of intangible assets acquired	16 years
Royal Power Solutions | Trademarks
Business Acquisition [Line Items]
Other intangible assets	$ 16
Useful life of intangible assets acquired	15 years
Royal Power Solutions | Other
Business Acquisition [Line Items]
Other intangible assets	$ 5
Useful life of intangible assets acquired	2 years
Jiangsu Huineng Electric Co. Ltd.
Business Acquisition [Line Items]
Ownership interest acquired (as a percent)									50%
Jiangsu Ryan Electrical Co. Ltd.
Business Acquisition [Line Items]
Ownership interest acquired (as a percent)								49%
NordicEPOD AS
Business Acquisition [Line Items]
Ownership interest acquired (as a percent)							49%
Held-for-sale | Hydraulics Business
Business Acquisition [Line Items]
Consideration received, net of cash sold		$ 3,100		$ 22
Disposal Group, Disposed of by Sale, Not Discontinued Operations | Hydraulics Business
Business Acquisition [Line Items]
Pre-tax gain on disposal		$ 617		$ 24

ACQUISITIONS AND DIVESTITURE _4

ACQUISITIONS AND DIVESTITURE OF BUSINESSES - Assets Acquired and Liabilities Assumed (Details) - USD ($) $ in Millions	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022	Jan. 05, 2022
Allocations
Goodwill	$ 14,713	$ 14,977	$ 14,796
Royal Power Solutions
Allocations
Accounts receivable				$ 35
Inventory				46
Prepaid expenses and other current assets				1
Property, plant and equipment				31
Other intangible assets				341
Other assets				8
Accounts payable				(25)
Other current liabilities				(14)
Other noncurrent liabilities				(68)
Total identifiable net assets				355
Goodwill				255
Total consideration, net of cash received				$ 610

REVENUE RECOGNITION - Narrative

REVENUE RECOGNITION - Narrative (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023
Disaggregation of Revenue [Line Items]
Sales recognized over time, as a percent of Consolidated Net Sales (less than) (as a percent)	5%
Accrued rebates	$ 361	$ 402
Accounts receivables from customers	4,079	3,966
Unbilled receivables	330	289
Deferred revenue liabilities, included in other current liabilities	602	$ 610
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2025-01-01
Disaggregation of Revenue [Line Items]
Backlog of unsatisfied or partially satisfied obligations	$ 15,900
Backlog expected to be recognized in the next twelve months, percent	74%
Expected timing of satisfaction	12 months

REVENUE RECOGNITION - Disaggreg

REVENUE RECOGNITION - Disaggregation of Sales (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Disaggregation of Revenue [Line Items]
Net Sales	$ 24,878	$ 23,196	$ 20,752
Electrical Americas
Disaggregation of Revenue [Line Items]
Net Sales	11,436	10,098	8,497
Electrical Global
Disaggregation of Revenue [Line Items]
Net Sales	6,248	6,084	5,848
Aerospace
Disaggregation of Revenue [Line Items]
Net Sales	3,744	3,413	3,039
Aerospace | Original Equipment Manufacturers
Disaggregation of Revenue [Line Items]
Net Sales	1,500	1,350	1,209
Aerospace | Aftermarket
Disaggregation of Revenue [Line Items]
Net Sales	1,312	1,183	977
Aerospace | Industrial and Other
Disaggregation of Revenue [Line Items]
Net Sales	931	878	854
Vehicle
Disaggregation of Revenue [Line Items]
Net Sales	2,790	2,965	2,830
eMobility
Disaggregation of Revenue [Line Items]
Net Sales	662	636	538
Products | Electrical Americas
Disaggregation of Revenue [Line Items]
Net Sales	3,009	2,949	2,732
Products | Electrical Global
Disaggregation of Revenue [Line Items]
Net Sales	3,493	3,462	3,424
Systems | Electrical Americas
Disaggregation of Revenue [Line Items]
Net Sales	8,426	7,149	5,765
Systems | Electrical Global
Disaggregation of Revenue [Line Items]
Net Sales	2,755	2,622	2,424
Commercial | Vehicle
Disaggregation of Revenue [Line Items]
Net Sales	1,707	1,784	1,736
Passenger and Light Duty | Vehicle
Disaggregation of Revenue [Line Items]
Net Sales	$ 1,083	$ 1,180	$ 1,094

REVENUE RECOGNITION - Changes i

REVENUE RECOGNITION - Changes in Deferred Revenue Liabilities (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023
Movement in Deferred Revenue [Roll Forward]
Balance at beginning of period	$ 626	$ 508
Customer deposits and billings	2,719	2,368
Revenue recognized in the period	(2,712)	(2,256)
Translation	(15)	6
Balance at end of period	$ 618	$ 626

CREDIT LOSSES FOR RECEIVABLES (

CREDIT LOSSES FOR RECEIVABLES (Details) - USD ($) $ in Millions	Dec. 31, 2024	Dec. 31, 2023
Credit Loss [Abstract]
Allowance for credit losses	$ 55	$ 38

INVENTORY (Details)

INVENTORY (Details) - USD ($) $ in Millions	Dec. 31, 2024	Dec. 31, 2023
Inventory Disclosure [Abstract]
Raw materials	$ 1,614	$ 1,515
Work-in-process	1,038	870
Finished goods	1,576	1,354
Total inventory	$ 4,227	$ 3,739

GOODWILL AND OTHER INTANGIBLE_3

GOODWILL AND OTHER INTANGIBLE ASSETS - Goodwill by Segment (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023
Goodwill [Roll Forward]
Balance at beginning of period	$ 14,977	$ 14,796
Additions	17
Translation	(281)	181
Balance at end of period	14,713	14,977
Electrical Americas
Goodwill [Roll Forward]
Balance at beginning of period	7,415	7,402
Additions	17
Translation	(35)	13
Balance at end of period	7,396	7,415
Electrical Global
Goodwill [Roll Forward]
Balance at beginning of period	4,038	3,929
Additions	0
Translation	(196)	109
Balance at end of period	3,842	4,038
Aerospace
Goodwill [Roll Forward]
Balance at beginning of period	2,901	2,844
Additions	0
Translation	(45)	57
Balance at end of period	2,856	2,901
Vehicle
Goodwill [Roll Forward]
Balance at beginning of period	289	287
Additions	0
Translation	(4)	2
Balance at end of period	285	289
eMobility
Goodwill [Roll Forward]
Balance at beginning of period	334	334
Additions	0
Translation	(1)	1
Balance at end of period	$ 333	$ 334

GOODWILL AND OTHER INTANGIBLE_4

GOODWILL AND OTHER INTANGIBLE ASSETS - Other Intangible Assets by Major Class (Details) - USD ($) $ in Millions	Dec. 31, 2024	Dec. 31, 2023
Summary of other intangible assets
Intangible assets not subject to amortization	$ 1,200	$ 1,207
Intangible assets subject to amortization
Historical cost	7,915	8,031
Accumulated amortization	4,456	4,146
Customer relationships
Intangible assets subject to amortization
Historical cost	4,659	4,742
Accumulated amortization	2,577	2,423
Patents and technology
Intangible assets subject to amortization
Historical cost	1,979	1,990
Accumulated amortization	1,056	948
Trademarks
Intangible assets subject to amortization
Historical cost	1,107	1,123
Accumulated amortization	693	642
Other
Intangible assets subject to amortization
Historical cost	169	176
Accumulated amortization	$ 131	$ 133

GOODWILL AND OTHER INTANGIBLE_5

GOODWILL AND OTHER INTANGIBLE ASSETS - Amortization Expense of Intangible Assets (Details) $ in Millions	Dec. 31, 2024 USD ($)
Goodwill and Intangible Assets Disclosure [Abstract]
2024	$ 405
2025	396
2026	381
2027	372
2028	308
2029	$ 271

SUPPLY CHAIN FINANCE PROGRAM (D

SUPPLY CHAIN FINANCE PROGRAM (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023
Supplier Finance Program, Obligation [Roll Forward]
Balance at beginning period	$ 369	$ 219
Invoices confirmed during the period	1,424	1,339
Invoices paid during the period	(1,389)	(1,185)
Translation	(6)	(4)
Balance at ending period	$ 398	$ 369
Supplier Finance Program, Obligation, Statement of Financial Position [Extensible Enumeration]	Accounts Payable, Current

LEASES - Components of Lease Ex

LEASES - Components of Lease Expense (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Leases [Abstract]
Operating lease cost	$ 227	$ 200	$ 179
Finance lease cost:
Amortization of lease assets	12	15	11
Interest on lease liabilities	1	1	1
Short-term lease cost	19	18	17
Variable lease cost	29	28	27
Sublease income	(1)	(1)	(1)
Total lease cost	$ 287	$ 261	$ 234

LEASES - Narrative (Details)

LEASES - Narrative (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Lessee, Lease, Description [Line Items]
Gain on sale leaseback transactions	$ 56	$ 53	$ 81
Minimum
Lessee, Lease, Description [Line Items]
Lease term	5 years
Maximum
Lessee, Lease, Description [Line Items]
Lease term	20 years

LEASES - Supplemental Cash Flow

LEASES - Supplemental Cash Flow Information Related to Leases (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash outflows - payments on operating leases	$ (200)	$ (180)	$ (159)
Operating cash outflows - interest payments on finance leases	(1)	(1)	(2)
Financing cash outflows - payments on finance lease obligations	(14)	(18)	(11)
Lease assets obtained in exchange for new lease obligations, including leases acquired:
Operating leases	268	183	245
Finance leases	$ 13	$ 38	$ 10

LEASES - Supplemental Balance S

LEASES - Supplemental Balance Sheet Information Related to Leases (Details) - USD ($) $ in Millions	Dec. 31, 2024	Dec. 31, 2023
Lessee, Lease, Description [Line Items]
Operating lease assets	$ 806	$ 648
Other current liabilities	163	135
Operating lease liabilities	669	533
Total operating lease liabilities	832	668
Accumulated depreciation	(37)	(36)
Net property, plant and equipment	29	39
Current portion of long-term debt	9	13
Long-term debt	19	22
Total finance lease liabilities	$ 28	$ 35
Weighted-average remaining lease term
Operating leases	7 years 1 month 6 days	7 years 7 months 6 days
Finance leases	4 years 2 months 12 days	4 years 4 months 24 days
Weighted-average discount rate
Operating leases	4.40%	4%
Finance leases	3.70%	3.60%
Operating Lease, Liability, Current, Statement of Financial Position [Extensible List]	Other current liabilities	Other current liabilities
Finance Lease, Liability, Noncurrent, Statement of Financial Position [Extensible List]	Long-term debt less current portion	Long-term debt less current portion
Finance Lease, Right-of-Use Asset, Statement of Financial Position [Extensible List]	Property, Plant and Equipment, Net	Property, Plant and Equipment, Net
Finance Lease, Liability, Current, Statement of Financial Position [Extensible List]	Long-Term Debt and Lease Obligation, Current	Long-Term Debt and Lease Obligation, Current
Land and buildings
Lessee, Lease, Description [Line Items]
Finance Lease, right-of-use asset	$ 5	$ 13
Machinery and equipment
Lessee, Lease, Description [Line Items]
Finance Lease, right-of-use asset	$ 61	$ 62

LEASES - Maturities of Operatin

LEASES - Maturities of Operating and Financing Lease Liabilities (Details) - USD ($) $ in Millions	Dec. 31, 2024	Dec. 31, 2023
Operating Leases
2025	$ 195
2026	176
2027	149
2028	121
2029	78
Thereafter	266
Total lease payments	985
Less imputed interest	153
Total present value of lease liabilities	832	$ 668
Finance Leases
2025	10
2026	8
2027	6
2028	3
2029	2
Thereafter	3
Total lease payments	31
Less imputed interest	3
Total present value of lease liabilities	$ 28	$ 35

DEBT - Long-term Debt, includin

DEBT - Long-term Debt, including Current Portion (Details) - USD ($) $ in Millions	Dec. 31, 2024	Dec. 31, 2023
Debt Instrument [Line Items]
Long-term debt	$ 9,152	$ 9,261
Less current portion of long-term debt	(674)	(1,017)
Long-term debt less current portion	8,478	8,244
Notes | 0.75% Euro notes due 2024
Debt Instrument [Line Items]
Long-term debt	$ 0	608
Debt instrument, stated interest rate	0.75%
Notes | Floating rate Euro notes due 2024
Debt Instrument [Line Items]
Long-term debt	$ 0	332
Notes | 0.70% Euro notes due 2025
Debt Instrument [Line Items]
Long-term debt	$ 520	553
Debt instrument, stated interest rate	0.70%
Notes | 0.128% Euro notes due 2026
Debt Instrument [Line Items]
Long-term debt	$ 935	995
Debt instrument, stated interest rate	0.128%
Notes | 0.577% Euro notes due 2030
Debt Instrument [Line Items]
Long-term debt	$ 624	663
Debt instrument, stated interest rate	0.577%
Notes | 3.601% Euro notes due 2031
Debt Instrument [Line Items]
Long-term debt	$ 520	0
Debt instrument, stated interest rate	3.601%
Notes | 3.802% Euro notes due 2036
Debt Instrument [Line Items]
Long-term debt	$ 520	0
Debt instrument, stated interest rate	3.802%
Notes | 5.80% notes due 2037
Debt Instrument [Line Items]
Long-term debt	$ 240	240
Debt instrument, stated interest rate	5.80%
Notes | 5.25% to 7.875% notes (maturities ranging from 2026 to 2035)
Debt Instrument [Line Items]
Long-term debt	$ 99	165
Notes | 5.25% to 7.875% notes (maturities ranging from 2026 to 2035) | Minimum
Debt Instrument [Line Items]
Debt instrument, stated interest rate	5.25%
Notes | 5.25% to 7.875% notes (maturities ranging from 2026 to 2035) | Maximum
Debt Instrument [Line Items]
Debt instrument, stated interest rate	7.875%
Debentures | 6.50% debentures due 2025
Debt Instrument [Line Items]
Long-term debt	$ 145	145
Debt instrument, stated interest rate	6.50%
Debentures | 7.65% debentures due 2029
Debt Instrument [Line Items]
Long-term debt	$ 200	200
Debt instrument, stated interest rate	7.65%
Debentures | 5.45% debentures due 2034
Debt Instrument [Line Items]
Long-term debt	$ 137	137
Debt instrument, stated interest rate	5.45%
Senior notes | 3.10% senior notes due 2027
Debt Instrument [Line Items]
Long-term debt	$ 700	700
Debt instrument, stated interest rate	3.10%
Senior notes | 4.35% senior notes due 2028
Debt Instrument [Line Items]
Long-term debt	$ 500	500
Debt instrument, stated interest rate	4.35%
Senior notes | 4.00% senior notes due 2032
Debt Instrument [Line Items]
Long-term debt	$ 700	700
Debt instrument, stated interest rate	4%
Senior notes | 4.15% sustainability-linked senior notes due 2033
Debt Instrument [Line Items]
Long-term debt	$ 1,300	1,300
Debt instrument, stated interest rate	4.15%
Senior notes | 4.15% senior notes due 2042
Debt Instrument [Line Items]
Long-term debt	$ 1,000	1,000
Debt instrument, stated interest rate	4.15%
Senior notes | 3.92% senior notes due 2047
Debt Instrument [Line Items]
Long-term debt	$ 300	300
Debt instrument, stated interest rate	3.92%
Senior notes | 4.70% senior notes due 2052
Debt Instrument [Line Items]
Long-term debt	$ 700	700
Debt instrument, stated interest rate	4.70%
Other
Debt Instrument [Line Items]
Long-term debt	$ 13	$ 25

DEBT - Narrative (Details)

DEBT - Narrative (Details) € in Millions, $ in Millions			12 Months Ended
	May 21, 2024 USD ($) tranche	May 21, 2024 EUR (€)	Dec. 31, 2024 USD ($)	Dec. 31, 2023 USD ($)	Dec. 31, 2022 USD ($)	Sep. 30, 2024 USD ($)	May 21, 2024 EUR (€) tranche
Debt Instrument [Line Items]
Number of tranches | tranche	2						2
Proceeds from borrowings			$ 1,084	$ 818	$ 1,995
Short-term debt			0	$ 8
Revolving Credit Facility
Debt Instrument [Line Items]
Credit facility, maximum borrowing capacity			3,000
Borrowings outstanding			0
Letter of Credit
Debt Instrument [Line Items]
Credit facility, maximum borrowing capacity			938
Letters of credit outstanding, amount			$ 420
0.70% Euro notes due 2025 | Notes
Debt Instrument [Line Items]
Debt instrument, stated interest rate			0.70%
0.128% Euro Notes Due 2026 | Notes | Tranche One
Debt Instrument [Line Items]
Debt instrument, stated interest rate			0.128%
0.577% Euro Notes Due 2030 | Notes | Tranche Two
Debt Instrument [Line Items]
Debt instrument, stated interest rate			0.577%
3.601% Euro notes due 2031 | Notes
Debt Instrument [Line Items]
Debt instrument, stated interest rate			3.601%
3.802% Euro notes due 2036 | Notes
Debt Instrument [Line Items]
Debt instrument, stated interest rate			3.802%
2024 Euro Notes | Senior notes
Debt Instrument [Line Items]
Face value of debt instrument	$ 1,084						€ 1,000
Proceeds from borrowings	$ 1,079	€ 995
Redemption price (as a percent)	101%	101%
2024 Euro Notes | Senior notes | Tranche One
Debt Instrument [Line Items]
Debt instrument, stated interest rate	3.601%						3.601%
Credit facility, maximum borrowing capacity | €							€ 500
2024 Euro Notes | Senior notes | Tranche Two
Debt Instrument [Line Items]
Debt instrument, stated interest rate	3.802%						3.802%
Credit facility, maximum borrowing capacity | €							€ 500
364 Day Credit Facility Expiring On September 30, 2024 | Revolving Credit Facility
Debt Instrument [Line Items]
Credit facility, maximum borrowing capacity						$ 500
Long-term debt, term						364 days
364 Day Credit Facility Expiring On September 30, 2025 | Revolving Credit Facility
Debt Instrument [Line Items]
Credit facility, maximum borrowing capacity						$ 500
Long-term debt, term						364 days
Five Year Credit Facility Expiring On October 1, 2027 | Revolving Credit Facility
Debt Instrument [Line Items]
Credit facility, maximum borrowing capacity			$ 2,500
Long-term debt, term			5 years
Commercial Paper | Revolving Credit Facility
Debt Instrument [Line Items]
Credit facility, maximum borrowing capacity			$ 3,000
Borrowings outstanding			$ 0

DEBT - Maturities of Long-term

DEBT - Maturities of Long-term Debt (Details) $ in Millions	Dec. 31, 2024 USD ($)
Debt Disclosure [Abstract]
2025	$ 674
2026	1,015
2027	705
2028	503
2029	$ 202

DEBT - Interest Paid on Debt (D

DEBT - Interest Paid on Debt (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Debt Disclosure [Abstract]
Interest paid on debt	$ 329	$ 319	$ 250

RETIREMENT BENEFITS PLANS - Obl

RETIREMENT BENEFITS PLANS - Obligations and Funded Status (Details) - USD ($) $ in Millions	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Funded status
Fair value of plan assets	$ 3,993	$ 4,237
Pension plans | United States
Funded status
Fair value of plan assets	2,445	2,604	$ 2,635
Benefit obligations	(2,700)	(2,824)	(2,807)
Funded status	(255)	(220)
Amounts recognized in the Consolidated Balance Sheets
Other assets	0	0
Other current liabilities	(29)	(18)
Pension liabilities and Other postretirement benefits liabilities	(226)	(202)
Total	(255)	(220)
Amounts recognized in Accumulated other comprehensive loss (pre-tax)
Net actuarial loss (gain)	904	867
Prior service cost (credit)	5	4
Total	909	871	811
Pension plans | Non-United States plans
Funded status
Fair value of plan assets	1,548	1,633	1,486
Benefit obligations	(1,863)	(2,022)	(1,813)
Funded status	(315)	(389)
Amounts recognized in the Consolidated Balance Sheets
Other assets	231	210
Other current liabilities	(31)	(33)
Pension liabilities and Other postretirement benefits liabilities	(515)	(566)
Total	(315)	(389)
Amounts recognized in Accumulated other comprehensive loss (pre-tax)
Net actuarial loss (gain)	678	649
Prior service cost (credit)	6	12
Total	684	661	505
Other postretirement benefits plans
Funded status
Fair value of plan assets	18	17	16
Benefit obligations	(196)	(212)	(209)
Funded status	(178)	(195)
Amounts recognized in the Consolidated Balance Sheets
Other assets	0	0
Other current liabilities	(14)	(15)
Pension liabilities and Other postretirement benefits liabilities	(164)	(180)
Total	(178)	(195)
Amounts recognized in Accumulated other comprehensive loss (pre-tax)
Net actuarial loss (gain)	(87)	(92)
Prior service cost (credit)	0	(1)
Total	$ (87)	$ (93)	$ (120)

RETIREMENT BENEFITS PLANS - Cha

RETIREMENT BENEFITS PLANS - Change in Benefit Obligations (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Pension plans | United States
Change in benefit obligations
Balance at January 1	$ 2,824	$ 2,807
Service cost	18	19	$ 27
Interest cost	134	142	117
Actuarial loss (gain)	(20)	104
Gross benefits paid	(258)	(250)
Currency translation	0	0
Plan amendments	2	1
Other	0	0
Balance at December 31	2,700	2,824	2,807
Accumulated benefit obligation	2,686	2,807
Pension plans | Non-United States plans
Change in benefit obligations
Balance at January 1	2,022	1,813
Service cost	46	43	59
Interest cost	85	85	47
Actuarial loss (gain)	(82)	104
Gross benefits paid	(121)	(110)
Currency translation	(87)	85
Plan amendments	(3)	(1)
Other	3	3
Balance at December 31	1,863	2,022	1,813
Accumulated benefit obligation	1,766	1,922
Other postretirement benefits plans
Change in benefit obligations
Balance at January 1	212	209
Service cost	1	1	1
Interest cost	10	10	7
Actuarial loss (gain)	(11)	11
Gross benefits paid	(29)	(31)
Currency translation	(3)	1
Plan amendments	0	0
Other	16	11
Balance at December 31	$ 196	$ 212	$ 209

RETIREMENT BENEFITS PLANS - C_2

RETIREMENT BENEFITS PLANS - Change in Plan Assets (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Change in plan assets
Beginning balance	$ 4,237
Ending balance	3,993	$ 4,237
Pension plans
Change in plan assets
Employer contributions	110	113	$ 116
Pension plans | United States
Change in plan assets
Beginning balance	2,604	2,635
Actual return on plan assets	84	203
Employer contributions	15	16	30
Gross benefits paid	(258)	(250)
Currency translation	0	0
Other	0	0
Ending balance	2,445	2,604	2,635
Pension plans | Non-United States plans
Change in plan assets
Beginning balance	1,633	1,486
Actual return on plan assets	(10)	86
Employer contributions	95	97	85
Gross benefits paid	(121)	(110)
Currency translation	(52)	71
Other	3	3
Ending balance	1,548	1,633	1,486
Other postretirement benefits plans
Change in plan assets
Beginning balance	17	16
Actual return on plan assets	1	1
Employer contributions	18	20
Gross benefits paid	(29)	(31)
Currency translation	0	0
Other	11	11
Ending balance	$ 18	$ 17	$ 16

RETIREMENT BENEFITS PLANS - Com

RETIREMENT BENEFITS PLANS - Components of Pension Plans with Accumulated and Projected Benefit Obligation in Excess of Plan Assets (Details) - Pension plans - USD ($) $ in Millions	Dec. 31, 2024	Dec. 31, 2023
United States
Components of pension plans with an accumulated benefit obligation in excess of plan assets
Accumulated benefit obligation	$ 2,686	$ 2,807
Fair value of plan assets	2,445	2,604
Components of pension plans with a projected benefit obligation in excess of plan assets
Projected benefit obligation	2,700	2,824
Fair value of plan assets	2,445	2,604
Non-United States plans
Components of pension plans with an accumulated benefit obligation in excess of plan assets
Accumulated benefit obligation	701	742
Fair value of plan assets	209	203
Components of pension plans with a projected benefit obligation in excess of plan assets
Projected benefit obligation	772	827
Fair value of plan assets	$ 225	$ 228

RETIREMENT BENEFITS PLANS - C_3

RETIREMENT BENEFITS PLANS - Changes in Pension and Other Postretirement Liabilities Recognized in AOCI (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023
Pension plans | United States
Changes in pension and other postretirement benefit liabilities recognized in Accumulated other comprehensive loss
Balance at January 1	$ 871	$ 811
Prior service cost arising during the year	2	1
Net loss (gain) arising during the year	86	97
Currency translation	0	0
Less amounts included in expense during the year	(50)	(38)
Net change for the year	38	60
Balance at December 31	909	871
Pension plans | Non-United States plans
Changes in pension and other postretirement benefit liabilities recognized in Accumulated other comprehensive loss
Balance at January 1	661	505
Prior service cost arising during the year	(3)	(1)
Net loss (gain) arising during the year	62	139
Currency translation	(18)	29
Less amounts included in expense during the year	(18)	(11)
Net change for the year	23	156
Balance at December 31	684	661
Other postretirement benefits plans
Changes in pension and other postretirement benefit liabilities recognized in Accumulated other comprehensive loss
Balance at January 1	(93)	(120)
Prior service cost arising during the year	0	0
Net loss (gain) arising during the year	(7)	10
Currency translation	0	0
Less amounts included in expense during the year	13	17
Net change for the year	6	27
Balance at December 31	$ (87)	$ (93)

RETIREMENT BENEFITS PLANS - Ben

RETIREMENT BENEFITS PLANS - Benefits Expense (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Pension plans | United States
Defined Benefit Plans and Other Postretirement Benefit Plans
Service cost	$ 18	$ 19	$ 27
Interest cost	134	142	117
Expected return on plan assets	(190)	(195)	(204)
Amortization	9	4	15
Total	(29)	(30)	(46)
Settlements, curtailments, and special termination benefits	41	34	61
Total expense (income)	12	4	15
Pension plans | Non-United States plans
Defined Benefit Plans and Other Postretirement Benefit Plans
Service cost	46	43	59
Interest cost	85	85	47
Expected return on plan assets	(134)	(121)	(115)
Amortization	11	7	45
Total	8	14	37
Settlements, curtailments, and special termination benefits	7	4	2
Total expense (income)	15	18	39
Other postretirement benefits plans
Defined Benefit Plans and Other Postretirement Benefit Plans
Service cost	1	1	1
Interest cost	10	10	7
Expected return on plan assets	(1)	(1)	(1)
Amortization	(13)	(17)	(7)
Total	(3)	(7)	0
Settlements, curtailments, and special termination benefits	0	0	0
Total expense (income)	$ (3)	$ (7)	$ 0

RETIREMENT BENEFITS PLANS - Pen

RETIREMENT BENEFITS PLANS - Pension Plans Assumptions (Details) - Pension plans	12 Months Ended
	Dec. 31, 2025	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
United States
Assumptions used to determine benefit obligation at year-end (as a percent)
Discount rate		5.61%	5.14%	5.47%
Rate of compensation increase		3.32%	3.40%	3.33%
Interest rate used to credit cash balance plans		4.79%	4.01%	3.67%
Assumptions used to determine expense (as a percent)
Discount rate used to determine benefit obligation		5.14%	5.47%	4.30%
Discount rate used to determine service cost		5.24%	5.54%	4.41%
Discount rate used to determine interest cost		4.98%	5.33%	3.94%
Expected long-term return on plan assets		6.50%	6.50%	6.50%
Rate of compensation increase		3.40%	3.33%	3.12%
Interest rate used to credit cash balance plans		4.01%	3.67%	2.62%
Non-United States plans
Assumptions used to determine benefit obligation at year-end (as a percent)
Discount rate		4.92%	4.52%	4.83%
Rate of compensation increase		3.16%	3.17%	3.12%
Interest rate used to credit cash balance plans		2.01%	1.59%	2.32%
Assumptions used to determine expense (as a percent)
Discount rate used to determine benefit obligation		4.52%	4.83%	2.01%
Discount rate used to determine service cost		6%	5.90%	2.98%
Discount rate used to determine interest cost		4.47%	4.80%	1.84%
Expected long-term return on plan assets		6.79%	6.32%	5.70%
Rate of compensation increase		3.17%	3.12%	3.01%
Interest rate used to credit cash balance plans		1.59%	2.32%	0.56%
Forecast | United States
Assumptions used to determine expense (as a percent)
Expected long-term return on plan assets	7%
Forecast | Non-United States plans
Assumptions used to determine expense (as a percent)
Expected long-term return on plan assets	6.63%

RETIREMENT BENEFITS PLANS - Oth

RETIREMENT BENEFITS PLANS - Other Postretirement Benefits Plan Assumptions (Details) - Other postretirement benefits plans	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Assumptions used to determine benefit obligation at year-end (as a percent)
Discount rate	5.57%	5.11%	5.46%
Health care cost trend rate assumed for next year	6.70%	7.70%	7.10%
Ultimate health care cost trend rate	4.75%	4.75%	4.75%
Year ultimate health care cost trend rate is achieved	2034	2033	2031
Assumptions used to determine expense (as a percent)
Discount rate used to determine benefit obligation	5.11%	5.46%	2.79%
Discount rate used to determine service cost	5.25%	5.53%	3.03%
Discount rate used to determine interest cost	4.96%	5.32%	2.24%
Initial health care cost trend rate	7.70%	7.10%	7.45%
Ultimate health care cost trend rate	4.75%	4.75%	4.75%
Year ultimate health care cost trend rate is achieved	2033	2031	2031

RETIREMENT BENEFITS PLANS - Emp

RETIREMENT BENEFITS PLANS - Employer Contributions to Retirement Benefits Plans (Details) - Pension plans - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Defined Benefit Plans and Other Postretirement Benefit Plans
Expected future contributions, defined benefit plans	$ 101
Employer contributions to pension plans	110	$ 113	$ 116
United States
Defined Benefit Plans and Other Postretirement Benefit Plans
Expected future contributions, defined benefit plans	29
Employer contributions to pension plans	15	16	30
Non-United States plans
Defined Benefit Plans and Other Postretirement Benefit Plans
Expected future contributions, defined benefit plans	72
Employer contributions to pension plans	$ 95	$ 97	$ 85

RETIREMENT BENEFITS PLANS - Est

RETIREMENT BENEFITS PLANS - Estimated Pension and Other Postretirement Benefit Payments (Details) $ in Millions	Dec. 31, 2024 USD ($)
Pension plans | United States
Defined Benefit Plans and Other Postretirement Benefit Plans
2025	$ 291
2026	269
2027	254
2028	248
2029	236
2030 - 2034	1,049
Pension plans | Non-United States plans
Defined Benefit Plans and Other Postretirement Benefit Plans
2025	112
2026	119
2027	118
2028	120
2029	126
2030 - 2034	669
Other postretirement benefits plans
Defined Benefit Plans and Other Postretirement Benefit Plans
2025	16
2026	15
2027	19
2028	18
2029	17
2030 - 2034	$ 78

RETIREMENT BENEFITS PLANS - Fai

RETIREMENT BENEFITS PLANS - Fair Value of Pension Plan Assets (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023
Defined Benefit Plan Disclosure [Line Items]
United States pension plans percentage of worldwide pension assets	61%
United Kingdom pension plans percentage of worldwide pension assets	25%
United States pension plans' target allocation of United States equities	15%
United States pension plans' target allocation of non-United States equities	7%
United States pension plans' target allocation of real estate	3%
United State pension plans' target allocation of debt securities	64%
United States pension plans' target allocation of other, including private equity, private debt, and cash equivalents	11%
United Kingdom pension plans' target allocation of equities	16%
Total pension plan assets	$ 3,993	$ 4,237
Pending purchases and sales of plan assets, and interest receivable	(85)	(67)
Unfunded commitments	128	154
Quoted prices in active markets for identical assets (Level 1)
Defined Benefit Plan Disclosure [Line Items]
Total pension plan assets	662	729
Other observable inputs (Level 2)
Defined Benefit Plan Disclosure [Line Items]
Total pension plan assets	1,952	2,036
Unobservable inputs (Level 3)
Defined Benefit Plan Disclosure [Line Items]
Total pension plan assets	486	569
Non-United States equity and global equities | Fair Value, Inputs, Level 1, 2 and 3
Defined Benefit Plan Disclosure [Line Items]
Total pension plan assets	241	154
Non-United States equity and global equities | Quoted prices in active markets for identical assets (Level 1)
Defined Benefit Plan Disclosure [Line Items]
Total pension plan assets	0	0
Non-United States equity and global equities | Other observable inputs (Level 2)
Defined Benefit Plan Disclosure [Line Items]
Total pension plan assets	241	154
Non-United States equity and global equities | Unobservable inputs (Level 3)
Defined Benefit Plan Disclosure [Line Items]
Total pension plan assets	0	0
United States equity | Fair Value, Inputs, Level 1, 2 and 3
Defined Benefit Plan Disclosure [Line Items]
Total pension plan assets		76
United States equity | Quoted prices in active markets for identical assets (Level 1)
Defined Benefit Plan Disclosure [Line Items]
Total pension plan assets		0
United States equity | Other observable inputs (Level 2)
Defined Benefit Plan Disclosure [Line Items]
Total pension plan assets		76
United States equity | Unobservable inputs (Level 3)
Defined Benefit Plan Disclosure [Line Items]
Total pension plan assets		0
Fixed income | Fair Value, Inputs, Level 1, 2 and 3
Defined Benefit Plan Disclosure [Line Items]
Total pension plan assets	28	115
Fixed income | Quoted prices in active markets for identical assets (Level 1)
Defined Benefit Plan Disclosure [Line Items]
Total pension plan assets	0	0
Fixed income | Other observable inputs (Level 2)
Defined Benefit Plan Disclosure [Line Items]
Total pension plan assets	28	115
Fixed income | Unobservable inputs (Level 3)
Defined Benefit Plan Disclosure [Line Items]
Total pension plan assets	0	0
Fixed income securities | Fair Value, Inputs, Level 1, 2 and 3
Defined Benefit Plan Disclosure [Line Items]
Total pension plan assets	1,582	1,607
Fixed income securities | Quoted prices in active markets for identical assets (Level 1)
Defined Benefit Plan Disclosure [Line Items]
Total pension plan assets	0	0
Fixed income securities | Other observable inputs (Level 2)
Defined Benefit Plan Disclosure [Line Items]
Total pension plan assets	1,582	1,607
Fixed income securities | Unobservable inputs (Level 3)
Defined Benefit Plan Disclosure [Line Items]
Total pension plan assets	0	0
United States treasuries | Fair Value, Inputs, Level 1, 2 and 3
Defined Benefit Plan Disclosure [Line Items]
Total pension plan assets	461	566
United States treasuries | Quoted prices in active markets for identical assets (Level 1)
Defined Benefit Plan Disclosure [Line Items]
Total pension plan assets	453	566
United States treasuries | Other observable inputs (Level 2)
Defined Benefit Plan Disclosure [Line Items]
Total pension plan assets	8	0
United States treasuries | Unobservable inputs (Level 3)
Defined Benefit Plan Disclosure [Line Items]
Total pension plan assets	0	0
Real estate | Fair Value, Inputs, Level 1, 2 and 3
Defined Benefit Plan Disclosure [Line Items]
Total pension plan assets	212	291
Real estate | Quoted prices in active markets for identical assets (Level 1)
Defined Benefit Plan Disclosure [Line Items]
Total pension plan assets	63	65
Real estate | Other observable inputs (Level 2)
Defined Benefit Plan Disclosure [Line Items]
Total pension plan assets	25	27
Real estate | Unobservable inputs (Level 3)
Defined Benefit Plan Disclosure [Line Items]
Total pension plan assets	124	199
Cash equivalents | Fair Value, Inputs, Level 1, 2 and 3
Defined Benefit Plan Disclosure [Line Items]
Total pension plan assets	83	36
Cash equivalents | Quoted prices in active markets for identical assets (Level 1)
Defined Benefit Plan Disclosure [Line Items]
Total pension plan assets	55	14
Cash equivalents | Other observable inputs (Level 2)
Defined Benefit Plan Disclosure [Line Items]
Total pension plan assets	28	22
Cash equivalents | Unobservable inputs (Level 3)
Defined Benefit Plan Disclosure [Line Items]
Total pension plan assets	0	0
Exchange traded funds | Fair Value, Inputs, Level 1, 2 and 3
Defined Benefit Plan Disclosure [Line Items]
Total pension plan assets	91	84
Exchange traded funds | Quoted prices in active markets for identical assets (Level 1)
Defined Benefit Plan Disclosure [Line Items]
Total pension plan assets	91	84
Exchange traded funds | Other observable inputs (Level 2)
Defined Benefit Plan Disclosure [Line Items]
Total pension plan assets	0	0
Exchange traded funds | Unobservable inputs (Level 3)
Defined Benefit Plan Disclosure [Line Items]
Total pension plan assets	0	0
Other | Fair Value, Inputs, Level 1, 2 and 3
Defined Benefit Plan Disclosure [Line Items]
Total pension plan assets	402	405
Other | Quoted prices in active markets for identical assets (Level 1)
Defined Benefit Plan Disclosure [Line Items]
Total pension plan assets	0	0
Other | Other observable inputs (Level 2)
Defined Benefit Plan Disclosure [Line Items]
Total pension plan assets	40	35
Other | Unobservable inputs (Level 3)
Defined Benefit Plan Disclosure [Line Items]
Total pension plan assets	362	370
Common collective and other trusts measured at net asset value | Fair Value Measured at Net Asset Value Per Share
Defined Benefit Plan Disclosure [Line Items]
Total pension plan assets	$ 978	968
Money market funds measured at net asset value | Fair Value Measured at Net Asset Value Per Share
Defined Benefit Plan Disclosure [Line Items]
Total pension plan assets		$ 2

RETIREMENT BENEFITS PLANS - C_4

RETIREMENT BENEFITS PLANS - Change in Plan Level 3 Assets (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023
Defined Benefit Plan, Change in Fair Value of Plan Assets, Level 3 Reconciliation [Roll Forward]
Beginning balance	$ 4,237
Ending balance	3,993	$ 4,237
Unobservable inputs (Level 3)
Defined Benefit Plan, Change in Fair Value of Plan Assets, Level 3 Reconciliation [Roll Forward]
Beginning balance	569
Ending balance	486	569
Unobservable inputs (Level 3) | Real estate
Defined Benefit Plan, Change in Fair Value of Plan Assets, Level 3 Reconciliation [Roll Forward]
Beginning balance	199
Ending balance	124	199
Unobservable inputs (Level 3) | Other
Defined Benefit Plan, Change in Fair Value of Plan Assets, Level 3 Reconciliation [Roll Forward]
Beginning balance	370
Ending balance	362	370
Pension plans | Unobservable inputs (Level 3)
Defined Benefit Plan, Change in Fair Value of Plan Assets, Level 3 Reconciliation [Roll Forward]
Beginning balance	569	559
Gains (losses) relating to assets still held at year-end	5	26
Purchases, sales, settlements - net	(88)	(7)
Transfers into or out of Level 3	0	(9)
Ending balance	486	569
Pension plans | Unobservable inputs (Level 3) | Real estate
Defined Benefit Plan, Change in Fair Value of Plan Assets, Level 3 Reconciliation [Roll Forward]
Beginning balance	199	199
Gains (losses) relating to assets still held at year-end	(24)	7
Purchases, sales, settlements - net	(51)	(7)
Transfers into or out of Level 3	0	0
Ending balance	124	199
Pension plans | Unobservable inputs (Level 3) | Other
Defined Benefit Plan, Change in Fair Value of Plan Assets, Level 3 Reconciliation [Roll Forward]
Beginning balance	370	360
Gains (losses) relating to assets still held at year-end	29	19
Purchases, sales, settlements - net	(37)	0
Transfers into or out of Level 3	0	(9)
Ending balance	$ 362	$ 370

RETIREMENT BENEFITS PLANS - F_2

RETIREMENT BENEFITS PLANS - Fair Value of Other Postretirement Benefits Plan Assets (Details) - Other postretirement benefits plans - USD ($) $ in Millions	Dec. 31, 2024	Dec. 31, 2023
Fair Value of Other Postretirement Benefits Plan Assets [Line Items]
Cash equivalents	$ 3	$ 2
Common collective and other trusts measured at net asset value	15	15
Total other postretirement benefits plan assets	18	17
Quoted prices in active markets for identical assets (Level 1)
Fair Value of Other Postretirement Benefits Plan Assets [Line Items]
Cash equivalents	3	2
Total other postretirement benefits plan assets	3	2
Other observable inputs (Level 2)
Fair Value of Other Postretirement Benefits Plan Assets [Line Items]
Cash equivalents	0	0
Total other postretirement benefits plan assets	0	0
Unobservable inputs (Level 3)
Fair Value of Other Postretirement Benefits Plan Assets [Line Items]
Cash equivalents	0	0
Total other postretirement benefits plan assets	$ 0	$ 0

RETIREMENT BENEFITS PLANS - Def

RETIREMENT BENEFITS PLANS - Defined Contribution Plans (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Retirement Benefits [Abstract]
Employer contributions to defined contribution plans	$ 220	$ 201	$ 182

COMMITMENTS AND CONTINGENCIES -

COMMITMENTS AND CONTINGENCIES - Narrative (Details) $ in Millions	12 Months Ended
	Dec. 31, 2024 USD ($) site	Dec. 31, 2023 USD ($)
Commitments and Contingencies Disclosure [Abstract]
Number of environmental remediation sites world wide	108
Number of environmental remediation sites world wide with individual significance	0
Accrual for environmental loss contingencies | $	$ 70	$ 71
Environmental Loss Contingency, Statement Of Financial Position, Extensible Enumeration, Not Disclosed Flag	Company had an accrual totaling	Company had an accrual totaling

COMMITMENTS AND CONTINGENCIES_2

COMMITMENTS AND CONTINGENCIES - Current and Long-Term Warranty Accruals (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Current and long-term warranty accruals [Roll Forward]
Balance at January 1	$ 136	$ 125	$ 125
Provision	81	100	83
Settled	(65)	(91)	(81)
Other	(3)	2	(2)
Balance at December 31	$ 150	$ 136	$ 125

INCOME TAXES - Income (Loss) be

INCOME TAXES - Income (Loss) before Income Taxes (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Income (Loss) Before Income Taxes [Line Items]
Total income before income taxes	$ 4,566	$ 3,827	$ 2,911
Ireland
Income (Loss) Before Income Taxes [Line Items]
Total income before income taxes	183	(3)	198
Foreign
Income (Loss) Before Income Taxes [Line Items]
Total income before income taxes	$ 4,383	$ 3,830	$ 2,713

INCOME TAXES - Income Tax (Bene

INCOME TAXES - Income Tax (Benefit) Expense (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Current
Ireland	$ 128	$ 42	$ 3
Foreign	794	744	570
Total current income tax expense	922	786	573
Deferred
Ireland	(16)	1	13
Foreign	(138)	(183)	(141)
Total deferred income tax expense (benefit)	(154)	(182)	(128)
Total income tax expense	$ 768	$ 604	$ 445

INCOME TAXES - Reconciliation o

INCOME TAXES - Reconciliation of Effective Income Tax Rate (Details)	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Reconciliation of income taxes from appropriate statutory rate to the consolidated effective income tax rate [Line Items]
Income taxes at the applicable statutory rate	25%	25%	25%
Effective income tax expense rate	16.80%	15.80%	15.30%
Ireland operations
Reconciliation of income taxes from appropriate statutory rate to the consolidated effective income tax rate [Line Items]
Ireland tax on trading income	(0.90%)	(1.30%)	(1.30%)
Nondeductible interest expense	0.90%	2.60%	1%
Ireland Other - net	1.20%	(0.20%)	(0.50%)
Foreign operations
Reconciliation of income taxes from appropriate statutory rate to the consolidated effective income tax rate [Line Items]
Ireland Other - net	(0.20%)	2.20%	1.60%
Earnings taxed at other than the applicable statutory tax rate	(6.70%)	(9.90%)	(10.20%)
Worldwide operations
Reconciliation of income taxes from appropriate statutory rate to the consolidated effective income tax rate [Line Items]
Adjustments to tax liabilities	0.10%	(0.20%)	(0.40%)
Adjustments to valuation allowances	(2.60%)	(2.40%)	0.10%

INCOME TAXES - Narrative (Detai

INCOME TAXES - Narrative (Details)	12 Months Ended
	Dec. 31, 2024 USD ($) taxCase	Dec. 31, 2023 USD ($)	Dec. 31, 2022 USD ($)	Jul. 11, 2024 USD ($)	Jul. 10, 2024 USD ($)	Apr. 04, 2024 USD ($)	Dec. 21, 2022 USD ($)	Aug. 31, 2021 USD ($)	Nov. 30, 2019 USD ($)
Income Taxes (Textuals) [Line Items]
Income tax expense	$ 768,000,000	$ 604,000,000	$ 445,000,000
Effective income tax (benefit) expense rate (as a percent)	16.80%	15.80%	15.30%
Provision for income taxes on undistributed earnings of foreign subsidiaries	$ 0
Undistributed earnings of foreign subsidiaries	33,100,000,000
Unrecognized tax benefits that would impact effective tax rate	936,000,000
Income tax examination, penalties and interest accrued	225,000,000	$ 188,000,000
Tax Years 2007-2010
Income Taxes (Textuals) [Line Items]
IRS Statutory Notice of Deficiency proposed assessment of additional federal taxes	190,000,000
Penalties associated with IRS Statutory Notice of Deficiency proposed assessment	72,000,000
Tax Years 2011-2013
Income Taxes (Textuals) [Line Items]
IRS Statutory Notice of Deficiency proposed assessment of additional federal taxes							$ 749,000,000
Penalties associated with IRS Statutory Notice of Deficiency proposed assessment							$ 110,000,000
Secretariat of the Federal Revenue Bureau of Brazil
Income Taxes (Textuals) [Line Items]
Income tax examination, penalties and interest accrued								$ 99,000,000
Alleged tax deficiency								$ 27,000,000
Pledged real estate assets	16,000,000
Real estate bond	114,000,000
Real estate cash deposit	$ 22,000,000
Secretariat of the Federal Revenue Bureau of Brazil | Tax Years 2005-2012
Income Taxes (Textuals) [Line Items]
Income tax examination, penalties and interest accrued									$ 100,000,000
Number of tax cases | taxCase	2
Alleged tax deficiency									$ 21,000,000
Secretariat of the Federal Revenue Bureau of Brazil | Tax Years 2009-2012
Income Taxes (Textuals) [Line Items]
Income tax examination, penalties and interest accrued				$ 71,000,000	$ 100,000,000
Penalty percentage cancelled				75%
Secretariat of the Federal Revenue Bureau of Brazil | Tax Years 2005-2008
Income Taxes (Textuals) [Line Items]
Income tax examination, penalties and interest accrued						$ 79,000,000
Alleged tax deficiency						$ 25,000,000
Penalty percentage cancelled						75%

INCOME TAXES- Worldwide Income

INCOME TAXES- Worldwide Income Tax Payments (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Income Tax Disclosure [Abstract]
Income taxes paid	$ 752	$ 727	$ 393

INCOME TAXES - Components of De

INCOME TAXES - Components of Deferred Income Taxes (Details) - Noncurrent assets and liabilities - USD ($) $ in Millions	Dec. 31, 2024	Dec. 31, 2023
Accruals and other adjustments
Employee benefits	$ 295	$ 328
Depreciation and amortization	(791)	(929)
Other accruals and adjustments	460	408
Ireland income tax loss carryforwards	1	2
Foreign income tax loss carryforwards	3,674	3,878
Foreign income tax credit carryforwards	252	247
Valuation allowance for income tax loss and income tax credit carryforwards	(3,556)	(3,828)
Other valuation allowances	0	(50)
Total deferred income taxes	$ 334	$ 56

INCOME TAXES - Operating Loss a

INCOME TAXES - Operating Loss and Tax Credit Carryforwards by Expiration Dates (Details) $ in Millions	Dec. 31, 2024 USD ($)
2025 through 2029 | Ireland
Operating Loss and Tax Credit Carry Forward [Line Items]
Operating loss carryforwards	$ 0
Deferred income tax assets for income tax loss carryforwards	0
2030 through 2034 | Ireland
Operating Loss and Tax Credit Carry Forward [Line Items]
Operating loss carryforwards	0
Deferred income tax assets for income tax loss carryforwards	0
2035 through 2039 | Ireland
Operating Loss and Tax Credit Carry Forward [Line Items]
Operating loss carryforwards	0
Deferred income tax assets for income tax loss carryforwards	0
2040 through 2049 | Ireland
Operating Loss and Tax Credit Carry Forward [Line Items]
Operating loss carryforwards	0
Deferred income tax assets for income tax loss carryforwards	0
Not subject to expiration | Ireland
Operating Loss and Tax Credit Carry Forward [Line Items]
Operating loss carryforwards	9
Deferred income tax assets for income tax loss carryforwards	1
Valuation allowance | Ireland
Operating Loss and Tax Credit Carry Forward [Line Items]
Operating loss carryforwards	0
Deferred income tax assets for income tax loss carryforwards	1
Foreign Tax Authority | 2025 through 2029
Operating Loss and Tax Credit Carry Forward [Line Items]
Operating loss carryforwards	40
Deferred income tax assets for income tax loss carryforwards	11
Foreign income tax credit carryforwards	176
Foreign Tax Authority | 2025 through 2029 | After ASU 2013-11
Operating Loss and Tax Credit Carry Forward [Line Items]
Foreign income tax credit carryforwards	145
Foreign Tax Authority | 2025 through 2029 | After ASU 2013-11
Operating Loss and Tax Credit Carry Forward [Line Items]
Deferred income tax assets for income tax loss carryforwards	10
Foreign Tax Authority | 2030 through 2034
Operating Loss and Tax Credit Carry Forward [Line Items]
Operating loss carryforwards	462
Deferred income tax assets for income tax loss carryforwards	112
Foreign income tax credit carryforwards	39
Foreign Tax Authority | 2030 through 2034 | After ASU 2013-11
Operating Loss and Tax Credit Carry Forward [Line Items]
Foreign income tax credit carryforwards	31
Foreign Tax Authority | 2030 through 2034 | After ASU 2013-11
Operating Loss and Tax Credit Carry Forward [Line Items]
Deferred income tax assets for income tax loss carryforwards	112
Foreign Tax Authority | 2035 through 2039
Operating Loss and Tax Credit Carry Forward [Line Items]
Operating loss carryforwards	11,172
Deferred income tax assets for income tax loss carryforwards	2,670
Foreign income tax credit carryforwards	35
Foreign Tax Authority | 2035 through 2039 | After ASU 2013-11
Operating Loss and Tax Credit Carry Forward [Line Items]
Foreign income tax credit carryforwards	32
Foreign Tax Authority | 2035 through 2039 | After ASU 2013-11
Operating Loss and Tax Credit Carry Forward [Line Items]
Deferred income tax assets for income tax loss carryforwards	2,670
Foreign Tax Authority | 2040 through 2049
Operating Loss and Tax Credit Carry Forward [Line Items]
Operating loss carryforwards	122
Deferred income tax assets for income tax loss carryforwards	30
Foreign income tax credit carryforwards	4
Foreign Tax Authority | 2040 through 2049 | After ASU 2013-11
Operating Loss and Tax Credit Carry Forward [Line Items]
Foreign income tax credit carryforwards	4
Foreign Tax Authority | 2040 through 2049 | After ASU 2013-11
Operating Loss and Tax Credit Carry Forward [Line Items]
Deferred income tax assets for income tax loss carryforwards	30
Foreign Tax Authority | Not subject to expiration
Operating Loss and Tax Credit Carry Forward [Line Items]
Operating loss carryforwards	5,627
Deferred income tax assets for income tax loss carryforwards	853
Foreign income tax credit carryforwards	40
Foreign Tax Authority | Not subject to expiration | After ASU 2013-11
Operating Loss and Tax Credit Carry Forward [Line Items]
Foreign income tax credit carryforwards	40
Foreign Tax Authority | Not subject to expiration | After ASU 2013-11
Operating Loss and Tax Credit Carry Forward [Line Items]
Deferred income tax assets for income tax loss carryforwards	852
Foreign Tax Authority | Valuation allowance
Operating Loss and Tax Credit Carry Forward [Line Items]
Operating loss carryforwards	0
Deferred income tax assets for income tax loss carryforwards	3,417
Foreign income tax credit carryforwards	138
Foreign Tax Authority | Valuation allowance | After ASU 2013-11
Operating Loss and Tax Credit Carry Forward [Line Items]
Foreign income tax credit carryforwards	138
Foreign Tax Authority | Valuation allowance | After ASU 2013-11
Operating Loss and Tax Credit Carry Forward [Line Items]
Deferred income tax assets for income tax loss carryforwards	$ 3,417

INCOME TAXES - Gross Unrecogniz

INCOME TAXES - Gross Unrecognized Income Tax Benefits (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Reconciliation of Unrecognized Tax Benefits, Excluding Amounts Pertaining to Examined Tax Returns [Roll Forward]
Balance at January 1	$ 1,300	$ 1,235	$ 1,120
Increases and decreases as a result of positions taken during prior years
Other increases, including currency translation	22	42	36
Other decreases, including currency translation	(22)	(5)	(16)
Increases related to acquired businesses	0	0	10
Increases as a result of positions taken during the current year	93	86	97
Decreases relating to settlements with tax authorities	(18)	(6)	0
Decreases as a result of a lapse of the applicable statute of limitations	(14)	(52)	(12)
Balance at December 31	$ 1,361	$ 1,300	$ 1,235

EATON SHAREHOLDERS' EQUITY - Na

EATON SHAREHOLDERS' EQUITY - Narrative (Details)			12 Months Ended
	Feb. 27, 2025 USD ($) $ / shares	Feb. 23, 2022 USD ($)	Dec. 31, 2024 USD ($) employee $ / shares shares	Dec. 31, 2023 € / shares $ / shares shares	Dec. 31, 2022 USD ($) $ / shares shares	Dec. 31, 2024 € / shares	Dec. 31, 2024 USD ($) holder $ / shares shares	Dec. 31, 2023 USD ($) $ / shares shares
Subsequent Event [Line Items]
Ordinary shares authorized (shares)							750,000,000	750,000,000
Ordinary share par value (USD per share) | $ / shares							$ 0.01	$ 0.01
Ordinary shares issued (in shares)							392,900,000	399,400,000
Ordinary shares outstanding (in shares)							392,900,000	399,400,000
Deferred ordinary shares authorized (in shares)							40,000	40,000
Deferred ordinary shares, shares issued and outstanding (in shares)							40,000	40,000
Deferred ordinary shares par value (EUR per share) | € / shares				€ 1		€ 1
Number of holders of record of Eaton ordinary shares | holder							9,117
Number of current and former employees who were shareholders through various Eaton plans | employee			13,949
Deferred compensation plan trust of shares and marketable securities | $							$ 3,000,000	$ 3,000,000
Quarterly dividends declared per share (USD per share) | $ / shares			$ 3.76	€ 3.44	$ 3.24
Antidilutive securities excluded from computation of net income per ordinary share (in shares)					100,000
Subsequent Event
Subsequent Event [Line Items]
Quarterly dividends declared per share (USD per share) | $ / shares	$ 1.04
Dividend increase percentage over dividend paid in prior quarter (as a percent)	11%
2022 Program
Subsequent Event [Line Items]
Share repurchase program, authorized amount | $		$ 5,000,000,000
Stock repurchase program, period in force		3 years
Ordinary shares purchased (in shares)			7,800,000	0	2,000,000
Stock repurchased | $			$ 2,500,000,000		$ 286,000,000
2025 Program | Subsequent Event
Subsequent Event [Line Items]
Share repurchase program, authorized amount | $	$ 9,000,000,000
Stock repurchase program, period in force	3 years
Preferred A Stock
Subsequent Event [Line Items]
Preferred stock issued (in shares)							10,000	10,000
Preferred stock, par value (in USD per share) | $ / shares							$ 1	$ 1
Preferred stock authorized (in shares)							10,000	10,000
Preferred stock outstanding (in shares)							10,000	10,000
Serial Preferred
Subsequent Event [Line Items]
Preferred stock, par value (in USD per share) | $ / shares							$ 0.01	$ 0.01
Preferred stock authorized (in shares)							10,000,000	10,000,000
Preferred stock outstanding (in shares)							0	0

EATON SHAREHOLDERS' EQUITY - Ot

EATON SHAREHOLDERS' EQUITY - Other Comprehensive Income (Loss) (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Pre-tax
Other Comprehensive Income (Loss), before Tax, Total	$ (462)	$ (17)	$ (205)
After-tax
Amounts reclassified from Accumulated other comprehensive loss (income)	14
Other Comprehensive Income (Loss), Net of Tax, Total	(436)	39	(313)
Currency translation and related hedging instruments
Pre-tax
Other comprehensive income (loss) arising during the year, before reclassifications, pre-tax	(358)	252	(632)
Amortization of gains on net investment hedges (amount excluded from effectiveness testing) reclassified to earnings, pre-tax	(15)	(12)	0
Other Comprehensive Income (Loss), before Tax, Total	(373)	241	(632)
After-tax
Other comprehensive income (loss) arising during the year, before reclassifications, after-tax	(355)	247	(647)
Amortization of gains on net investment hedges (amount excluded from effectiveness testing) reclassified to earnings, after-tax	(15)	(12)	0
Other Comprehensive Income (Loss), Net of Tax, Total	(370)	235	(647)
Prior service credit (cost) arising during the year
Pre-tax
Other comprehensive income (loss) arising during the year, before reclassifications, pre-tax	1	0	0
After-tax
Other comprehensive income (loss) arising during the year, before reclassifications, after-tax	1	0	0
Pensions and other postretirement benefits
Pre-tax
Reclassification from AOCI, pre-tax	55	32	116
Other Comprehensive Income (Loss), before Tax, Total	(67)	(243)	226
After-tax
Amounts reclassified from Accumulated other comprehensive loss (income)	41	24	89
Other Comprehensive Income (Loss), Net of Tax, Total	(49)	(185)	175
Net gain (loss) arising during the year
Pre-tax
Other comprehensive income (loss) arising during the year, before reclassifications, pre-tax	(141)	(246)	45
After-tax
Other comprehensive income (loss) arising during the year, before reclassifications, after-tax	(104)	(189)	31
Currency translation
Pre-tax
Other comprehensive income (loss) arising during the year, before reclassifications, pre-tax	18	(29)	65
After-tax
Other comprehensive income (loss) arising during the year, before reclassifications, after-tax	13	(21)	56
Cash flow hedges
Pre-tax
Other comprehensive income (loss) arising during the year, before reclassifications, pre-tax	(6)	63	210
Reclassification from AOCI, pre-tax	(16)	(78)	(9)
Other Comprehensive Income (Loss), before Tax, Total	(22)	(14)	201
After-tax
Other comprehensive income (loss) arising during the year, before reclassifications, after-tax	(5)	50	166
Amounts reclassified from Accumulated other comprehensive loss (income)	(12)	(61)	(7)
Other Comprehensive Income (Loss), Net of Tax, Total	$ (17)	$ (11)	$ 159

EATON SHAREHOLDERS' EQUITY - Ac

EATON SHAREHOLDERS' EQUITY - Accumulated Other Comprehensive Income (Loss) (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Balance at beginning of period	$ 19,069	$ 17,075	$ 16,451
Other comprehensive income (loss) before reclassifications	(450)
Amounts reclassified from Accumulated other comprehensive loss (income)	14
Other comprehensive income (loss) attributable to Eaton ordinary shareholders	(436)	39	(313)
Balance at end of period	18,531	19,069	17,075
Total
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Balance at beginning of period	(3,906)
Balance at end of period	(4,342)	(3,906)
Currency translation and related hedging instruments
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Balance at beginning of period	(3,029)
Other comprehensive income (loss) before reclassifications	(355)
Amounts reclassified from Accumulated other comprehensive loss (income)	(15)
Other comprehensive income (loss) attributable to Eaton ordinary shareholders	(370)
Balance at end of period	(3,399)	(3,029)
Pensions and other postretirement benefits
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Balance at beginning of period	(995)
Other comprehensive income (loss) before reclassifications	(90)
Amounts reclassified from Accumulated other comprehensive loss (income)	41	24	89
Other comprehensive income (loss) attributable to Eaton ordinary shareholders	(49)
Balance at end of period	(1,044)	(995)
Cash flow hedges
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Balance at beginning of period	118
Other comprehensive income (loss) before reclassifications	(5)
Amounts reclassified from Accumulated other comprehensive loss (income)	(12)	(61)	$ (7)
Other comprehensive income (loss) attributable to Eaton ordinary shareholders	(17)
Balance at end of period	$ 101	$ 118

EATON SHAREHOLDERS' EQUITY - Re

EATON SHAREHOLDERS' EQUITY - Reclassifications Out of Accumulated Other Comprehensive Income (Loss) (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Income before income taxes	$ 4,566	$ 3,827	$ 2,911
Tax expense	(768)	(604)	(445)
Total, net of tax	3,794	$ 3,218	$ 2,462
Reclassification out of Accumulated Other Comprehensive Loss
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Total, net of tax	(14)
Gains and (losses) on net investment hedges (amount excluded from effectiveness testing) | Reclassification out of Accumulated Other Comprehensive Loss
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Income before income taxes	15
Tax expense	0
Total, net of tax	15
Amortization of defined benefits pensions and other postretirement benefits items | Reclassification out of Accumulated Other Comprehensive Loss
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Income before income taxes	(55)
Tax expense	15
Total, net of tax	(41)
Gains and (losses) on cash flow hedges | Reclassification out of Accumulated Other Comprehensive Loss
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Tax expense	(3)
Total, net of tax	12
Gains and (losses) on cash flow hedges | Reclassification out of Accumulated Other Comprehensive Loss | Floating-to-fixed interest rate swaps
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Income before income taxes	13
Gains and (losses) on cash flow hedges | Reclassification out of Accumulated Other Comprehensive Loss | Currency exchange contracts
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Income before income taxes	(1)
Gains and (losses) on cash flow hedges | Reclassification out of Accumulated Other Comprehensive Loss | Commodity contracts
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Income before income taxes	$ 4

EATON SHAREHOLDERS' EQUITY - Ne

EATON SHAREHOLDERS' EQUITY - Net Income per Ordinary Share (Details) - USD ($) $ / shares in Units, shares in Millions, $ in Millions	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Equity [Abstract]
Net income attributable to Eaton ordinary shareholders	$ 3,794	$ 3,218	$ 2,462
Weighted-average number of ordinary shares outstanding - diluted (in shares)	399.4	401.1	400.8
Less: dilutive effect of equity-based compensation (in shares)	1.8	2	2.1
Weighted-average number of ordinary shares outstanding - basic (in shares)	397.6	399.1	398.7
Diluted (USD per share)	$ 9.50	$ 8.02	$ 6.14
Basic (USD per share)	$ 9.54	$ 8.06	$ 6.17

EQUITY-BASED COMPENSATION - Nar

EQUITY-BASED COMPENSATION - Narrative (Details) - USD ($) $ / shares in Units, $ in Millions	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share price (USD per share)	$ 331.87
Total compensation expense not yet recognized of stock options	$ 14
RSUs and RSAs
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total compensation expense not yet recognized of equity instrument other than options	$ 93
Period for recognition of total compensation expense not yet recognized	2 years 3 months 18 days
Excess tax benefit	$ 8	$ 4	$ 5
RSUs
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of shares received upon vesting (in shares)	1
Vesting period	3 years
RSAs
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting period	10 years
PSUs
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting period	3 years
Total compensation expense not yet recognized of equity instrument other than options	$ 36
Period for recognition of total compensation expense not yet recognized	1 year 8 months 12 days
Excess tax benefit	$ 11	$ 7	$ 10
PSUs | Minimum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Award vesting rate	0%
PSUs | Maximum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Award vesting rate	200%
Stock Options
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting period	3 years
Period for recognition of total compensation expense not yet recognized	1 year 10 months 24 days
Expiration date after date of grant	10 years

EQUITY-BASED COMPENSATION - Res

EQUITY-BASED COMPENSATION - Restricted Stock Units and Awards Activity (Details) - RSUs and RSAs shares in Millions	12 Months Ended
	Dec. 31, 2024 $ / shares shares
Number of restricted stock units and awards
Non-vested at beginning of period (in shares) | shares	0.9
Granted (in shares) | shares	0.3
Vested (in shares) | shares	(0.4)
Forfeited (in shares) | shares	0
Non-vested at end of period (in shares) | shares	0.7
Weighted-average fair value per unit and award
Non-vested at beginning of period (in USD per share) | $ / shares	$ 150.55
Granted (in USD per share) | $ / shares	289.23
Vested (in USD per share) | $ / shares	163.32
Forfeited (in USD per share) | $ / shares	197.75
Non-vested at end of period (in USD per share) | $ / shares	$ 202.76

EQUITY-BASED COMPENSATION - Inf

EQUITY-BASED COMPENSATION - Information Related to Equity Awards other than Options (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
RSUs and RSAs
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Pre-tax expense for stock options	$ 74	$ 65	$ 65
After-tax expense for stock options	58	51	51
Fair value of vested equity awards	126	84	98
PSUs
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Pre-tax expense for stock options	23	22	21
After-tax expense for stock options	$ 18	$ 17	$ 17

EQUITY-BASED COMPENSATION - Ass

EQUITY-BASED COMPENSATION - Assumptions of Market-Based Performance Share Units (Details) - PSUs - $ / shares	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Expected volatility	26%	27%	35%
Risk-free interest rate	4.36%	4.35%	1.71%
Weighted-average fair value of PSUs granted (in USD per share)	$ 362.38	$ 203.18	$ 171.63

EQUITY-BASED COMPENSATION - Per

EQUITY-BASED COMPENSATION - Performance Share Units (Details) - PSUs - shares	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Percent payout	163%	187%	178%
Shares vested (in shares)	200,000	300,000	400,000

EQUITY-BASED COMPENSATION - Mar

EQUITY-BASED COMPENSATION - Market-Based Performance Share Units (Details) - PSUs - $ / shares shares in Millions	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Number of performance share units
Non-vested at beginning of period (in shares)	0.3
Granted (in shares)	0.1
Adjustment for performance results achieved (in shares)	0.1
Vested (in shares)	(0.2)
Forfeited (shares)	0
Non-vested at end of period (in shares)	0.2	0.3
Weighted-average fair value per unit
Non-vested at beginning of period (in USD per share)	$ 162.67
Granted (in USD per share)	362.38	$ 203.18	$ 171.63
Adjustment for performance results achieved (in USD per share)	171.63
Vested (in USD per share)	171.63
Forfeited (in USD per Share)	228.66
Non-vested at end of period (in USD per share)	$ 248.21	$ 162.67

EQUITY-BASED COMPENSATION - Sto

EQUITY-BASED COMPENSATION - Stock Options Fair Value Assumptions (Details) - $ / shares	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Weighted-average fair value of stock options granted (USD per share)	$ 93.42	$ 48.79	$ 36.56
Stock Options
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Expected volatility	29%	27%	27%
Expected option life in years	6 years 3 months 18 days	6 years 3 months 18 days	6 years 7 months 6 days
Expected dividend yield	1.50%	2%	2%
Risk-free interest rate, minimum	4%	4.10%	0.30%
Risk-free interest rate, maximum	4.50%	4.30%	3%

EQUITY-BASED COMPENSATION - S_2

EQUITY-BASED COMPENSATION - Stock Options Activity (Details) - USD ($) $ / shares in Units, shares in Millions, $ in Millions	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Weighted-average exercise price per option
Balance at beginning of period (USD per share)	$ 103.76
Granted (USD per share)	288.50
Exercised (USD per share)	88.51
Forfeited and cancelled (USD per share)	164.15
Balance at end of period (USD per share)	130.25	$ 103.76
Exercisable at end of period (USD per share)	$ 102.36
Options
Outstanding at beginning of period (in shares)	2.2
Granted (in shares)	0.2
Exercised (in shares)	(0.8)	(1)	(0.4)
Forfeited and cancelled (shares)	0
Outstanding at end of period (in shares)	1.6	2.2
Exercisable at end of period (in shares)	1.2
Reserved for future grants at end of period (in shares)	18.2
Weighted-average remaining contractual life in years
Outstanding at end of period	5 years 4 months 24 days
Exercisable at end of period	4 years 6 months
Aggregate intrinsic value
Outstanding at end of period	$ 313
Exercisable at end of period	$ 273

EQUITY-BASED COMPENSATION - I_2

EQUITY-BASED COMPENSATION - Information Related to Stock Options (Details) - USD ($) shares in Millions, $ in Millions	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Proceeds from stock options exercised	$ 69	$ 78	$ 28
Income tax benefit related to stock options exercised
Tax benefit classified in operating activities in the Consolidated Statements of Cash Flows	30	22	6
Intrinsic value of stock options exercised	165	116	29
Total fair value of stock options vested	$ 11	$ 10	$ 11
Stock options exercised (in shares)	0.8	1	0.4
Stock Options
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Pre-tax expense for stock options	$ 11	$ 10	$ 11
After-tax expense for stock options	9	8	9
Proceeds from stock options exercised	$ 69	$ 78	$ 28

FAIR VALUE MEASUREMENTS - Asset

FAIR VALUE MEASUREMENTS - Assets Measured on Recurring Basis (Details) - USD ($) $ in Millions	Dec. 31, 2024	Dec. 31, 2023
Summary of financial instruments recognized at fair value and fair value measurement used
Cash	$ 555	$ 488
Short-term investments	1,525	2,121
Net derivative contracts	(16)	11
Contingent future payments from acquisition of Green Motion	(6)	(18)
Quoted prices in active markets for identical assets (Level 1)
Summary of financial instruments recognized at fair value and fair value measurement used
Cash	555	488
Short-term investments	1,525	2,121
Net derivative contracts	0	0
Contingent future payments from acquisition of Green Motion	0	0
Other observable inputs (Level 2)
Summary of financial instruments recognized at fair value and fair value measurement used
Cash	0	0
Short-term investments	0	0
Net derivative contracts	(16)	11
Contingent future payments from acquisition of Green Motion	0	0
Unobservable inputs (Level 3)
Summary of financial instruments recognized at fair value and fair value measurement used
Cash	0	0
Short-term investments	0	0
Net derivative contracts	0	0
Contingent future payments from acquisition of Green Motion	$ (6)	$ (18)

FAIR VALUE MEASUREMENTS - Narra

FAIR VALUE MEASUREMENTS - Narrative (Details) - USD ($) $ in Millions	Mar. 22, 2021	Dec. 31, 2024	Dec. 31, 2023
Fair Value, Assets Measured on Recurring Basis, Financial Statement Captions [Line Items]
Contingent consideration		$ 6	$ 18
Long-term debt and current portion of long term debt, carrying value		9,152	9,261
Long-term debt and current portion of long-term debt, fair value		8,651	$ 8,924
Green Motion, SA
Fair Value, Assets Measured on Recurring Basis, Financial Statement Captions [Line Items]
Total consideration to be transferred for acquisition	$ 106
Cash paid at closing	49
Contingent consideration	57	$ 6
Fair value of contingent future payments	$ 113

FAIR VALUE MEASUREMENTS - Short

FAIR VALUE MEASUREMENTS - Short-Term Investments (Details) - USD ($) $ in Millions	Dec. 31, 2024	Dec. 31, 2023
Fair Value Disclosures [Abstract]
Time deposits and certificates of deposit with banks	$ 157	$ 299
Money market investments	1,368	1,822
Total short-term investments	$ 1,525	$ 2,121

DERIVATIVE FINANCIAL INSTRUME_3

DERIVATIVE FINANCIAL INSTRUMENTS AND HEDGING ACTIVITIES - Summary of Interest Rate Swaps Outstanding (Details) $ in Millions	Dec. 31, 2024 USD ($)
2.52% Forward Starting Floating-to-Fixed Interest Rate Swap
Derivative [Line Items]
Notional amount	$ 78
Floating interest rate (as a percent)	0%
Fixed interest rate to be paid	2.52%
2.38% Forward Starting Floating-to-Fixed Interest Rate Swap
Derivative [Line Items]
Notional amount	$ 78
Floating interest rate (as a percent)	0%
Fixed interest rate to be paid	2.38%

DERIVATIVE FINANCIAL INSTRUME_4

DERIVATIVE FINANCIAL INSTRUMENTS AND HEDGING ACTIVITIES - Derivative Financial Instrument Recognized in the Consolidated Balance Sheet (Details) - USD ($) $ in Millions	Dec. 31, 2024	Dec. 31, 2023
Derivatives designated as hedges | Other current assets
Derivatives, Fair Value [Line Items]
Derivative asset designated as hedging instrument	$ 15	$ 17
Derivatives designated as hedges | Other noncurrent assets
Derivatives, Fair Value [Line Items]
Derivative asset designated as hedging instrument	0	3
Derivatives designated as hedges | Other current liabilities
Derivatives, Fair Value [Line Items]
Derivative liability designated as hedging instrument	14	9
Derivatives designated as hedges | Other noncurrent liabilities
Derivatives, Fair Value [Line Items]
Derivative liability designated as hedging instrument	1	4
Derivatives designated as hedges | Cash flow hedging | Forward starting floating-to-fixed interest rate swaps
Derivatives, Fair Value [Line Items]
Notional amount	$ 156	$ 165
Term	11 years	8 years
Derivatives designated as hedges | Cash flow hedging | Forward starting floating-to-fixed interest rate swaps | Other current assets
Derivatives, Fair Value [Line Items]
Derivative asset designated as hedging instrument	$ 0	$ 0
Derivatives designated as hedges | Cash flow hedging | Forward starting floating-to-fixed interest rate swaps | Other noncurrent assets
Derivatives, Fair Value [Line Items]
Derivative asset designated as hedging instrument	0	0
Derivatives designated as hedges | Cash flow hedging | Forward starting floating-to-fixed interest rate swaps | Other current liabilities
Derivatives, Fair Value [Line Items]
Derivative liability designated as hedging instrument	0	0
Derivatives designated as hedges | Cash flow hedging | Forward starting floating-to-fixed interest rate swaps | Other noncurrent liabilities
Derivatives, Fair Value [Line Items]
Derivative liability designated as hedging instrument	1	3
Derivatives designated as hedges | Cash flow hedging | Currency exchange contracts
Derivatives, Fair Value [Line Items]
Notional amount	499	505
Derivatives designated as hedges | Cash flow hedging | Currency exchange contracts | Other current assets
Derivatives, Fair Value [Line Items]
Derivative asset designated as hedging instrument	12	17
Derivatives designated as hedges | Cash flow hedging | Currency exchange contracts | Other noncurrent assets
Derivatives, Fair Value [Line Items]
Derivative asset designated as hedging instrument	0	3
Derivatives designated as hedges | Cash flow hedging | Currency exchange contracts | Other current liabilities
Derivatives, Fair Value [Line Items]
Derivative liability designated as hedging instrument	14	7
Derivatives designated as hedges | Cash flow hedging | Currency exchange contracts | Other noncurrent liabilities
Derivatives, Fair Value [Line Items]
Derivative liability designated as hedging instrument	0	1
Derivatives designated as hedges | Cash flow hedging | Commodity contracts
Derivatives, Fair Value [Line Items]
Notional amount	4	54
Derivatives designated as hedges | Cash flow hedging | Commodity contracts | Other current assets
Derivatives, Fair Value [Line Items]
Derivative asset designated as hedging instrument	0	1
Derivatives designated as hedges | Cash flow hedging | Commodity contracts | Other noncurrent assets
Derivatives, Fair Value [Line Items]
Derivative asset designated as hedging instrument	0	0
Derivatives designated as hedges | Cash flow hedging | Commodity contracts | Other current liabilities
Derivatives, Fair Value [Line Items]
Derivative liability designated as hedging instrument	0	1
Derivatives designated as hedges | Cash flow hedging | Commodity contracts | Other noncurrent liabilities
Derivatives, Fair Value [Line Items]
Derivative liability designated as hedging instrument	0	0
Derivatives designated as hedges | Net Investment Hedging | Currency exchange contracts
Derivatives, Fair Value [Line Items]
Notional amount	$ 545	$ 564
Term	3 months	3 months
Derivatives designated as hedges | Net Investment Hedging | Currency exchange contracts | Other current assets
Derivatives, Fair Value [Line Items]
Derivative asset designated as hedging instrument	$ 3	$ 0
Derivatives designated as hedges | Net Investment Hedging | Currency exchange contracts | Other noncurrent assets
Derivatives, Fair Value [Line Items]
Derivative asset designated as hedging instrument	0	0
Derivatives designated as hedges | Net Investment Hedging | Currency exchange contracts | Other current liabilities
Derivatives, Fair Value [Line Items]
Derivative liability designated as hedging instrument	0	1
Derivatives designated as hedges | Net Investment Hedging | Currency exchange contracts | Other noncurrent liabilities
Derivatives, Fair Value [Line Items]
Derivative liability designated as hedging instrument	0	0
Derivatives not designated as hedges | Currency exchange contracts
Derivatives, Fair Value [Line Items]
Notional amount	4,945	4,797
Derivatives not designated as hedges | Currency exchange contracts | Other current assets
Derivatives, Fair Value [Line Items]
Derivative asset not designated as hedging instrument	13	12
Derivatives not designated as hedges | Currency exchange contracts | Other current liabilities
Derivatives, Fair Value [Line Items]
Derivative liability not designated as hedging instrument	$ 29	$ 8
Minimum | Derivatives designated as hedges | Cash flow hedging | Currency exchange contracts
Derivatives, Fair Value [Line Items]
Term	1 month	1 month
Minimum | Derivatives designated as hedges | Cash flow hedging | Commodity contracts
Derivatives, Fair Value [Line Items]
Term	1 month	1 month
Minimum | Derivatives not designated as hedges | Currency exchange contracts
Derivatives, Fair Value [Line Items]
Term	1 month	1 month
Maximum | Derivatives designated as hedges | Cash flow hedging | Currency exchange contracts
Derivatives, Fair Value [Line Items]
Term	13 months	25 months
Maximum | Derivatives designated as hedges | Cash flow hedging | Commodity contracts
Derivatives, Fair Value [Line Items]
Term	11 months	12 months
Maximum | Derivatives not designated as hedges | Currency exchange contracts
Derivatives, Fair Value [Line Items]
Term	7 months	7 months

DERIVATIVE FINANCIAL INSTRUME_5

DERIVATIVE FINANCIAL INSTRUMENTS AND HEDGING ACTIVITIES - Narrative (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023
Derivative [Line Items]
Pre-tax portion of the fair value of currency exchange contracts, gain (loss)	$ 18,488	$ 19,036
Cash flow hedge gain to be reclassified within the next twelve months	$ 3
Minimum
Derivative [Line Items]
Proportion of intercompany balance sheet exposure (as a percent)	95%
Maximum
Derivative [Line Items]
Proportion of intercompany balance sheet exposure (as a percent)	100%
Non-derivative net investment hedge
Derivative [Line Items]
Foreign currency note payable, noncurrent, after-tax	$ 3,105	$ 3,140
Net Investment Hedging | Currency exchange contracts | Derivatives designated as hedges | Accumulated Foreign Currency Adjustment Attributable to Parent
Derivative [Line Items]
Pre-tax portion of the fair value of currency exchange contracts, gain (loss)	27
Net Investment Hedging | Forward starting floating-to-fixed interest rate swaps | Derivatives designated as hedges | Accumulated Foreign Currency Adjustment Attributable to Parent
Derivative [Line Items]
Pre-tax portion of the fair value of currency exchange contracts, gain (loss)	$ 1

DERIVATIVE FINANCIAL INSTRUME_6

DERIVATIVE FINANCIAL INSTRUMENTS AND HEDGING ACTIVITIES - Volume of Outstanding Commodity Contracts (Details) lb in Millions	12 Months Ended
	Dec. 31, 2024 ozt lb
Copper | Commodity contracts
Derivative [Line Items]
Derivative, outstanding commodity contract | lb	1
Copper | Minimum
Derivative [Line Items]
Derivative, term of contract	1 month
Copper | Maximum
Derivative [Line Items]
Derivative, term of contract	11 months
Gold | Commodity contracts
Derivative [Line Items]
Derivative, outstanding commodity contract | ozt	165
Gold | Minimum
Derivative [Line Items]
Derivative, term of contract	1 month

DERIVATIVE FINANCIAL INSTRUME_7

DERIVATIVE FINANCIAL INSTRUMENTS AND HEDGING ACTIVITIES - Amounts Recorded on Balance Sheet Related to Fixed-to-Floating Interest Rate Swaps (Details) - USD ($) $ in Millions	Dec. 31, 2024	Dec. 31, 2023
Interest Rate Swap
Derivative [Line Items]
Carrying amount of the hedged assets (liabilities)	$ (647)	$ (713)
Long-term debt
Derivative [Line Items]
Discontinued hedge, cumulative adjustment	37	42
Long-term debt | Interest Rate Swap
Derivative [Line Items]
Cumulative amount of fair value hedging adjustment included in the carrying amount of the hedged asset (liabilities)	$ (37)	$ (42)

DERIVATIVE FINANCIAL INSTRUME_8

DERIVATIVE FINANCIAL INSTRUMENTS AND HEDGING ACTIVITIES - Impact of Derivative on Consolidated Statement of Income (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Derivative [Line Items]
Net Sales	$ 24,878	$ 23,196	$ 20,752
Cost of products sold	15,375	14,762	13,865
Interest expense - net	130	151	144
Cash flow hedging | Net Sales | Forward starting floating-to-fixed interest rate swaps
Derivative [Line Items]
Gain (loss) on hedged item	0	0	0
Gain (loss) on hedging instrument	0	0	0
Cash flow hedging | Net Sales | Currency exchange contracts
Derivative [Line Items]
Gain (loss) on hedged item	2	(2)	17
Gain (loss) on hedging instrument	(2)	2	(17)
Cash flow hedging | Net Sales | Commodity contracts
Derivative [Line Items]
Gain (loss) on hedged item	0	0	0
Gain (loss) on hedging instrument	0	0	0
Cash flow hedging | Interest expense - net | Forward starting floating-to-fixed interest rate swaps
Derivative [Line Items]
Gain (loss) on hedged item	(13)	(13)	(4)
Gain (loss) on hedging instrument	13	13	4
Cash flow hedging | Interest expense - net | Currency exchange contracts
Derivative [Line Items]
Gain (loss) on hedged item	0	0	0
Gain (loss) on hedging instrument	0	0	0
Cash flow hedging | Interest expense - net | Commodity contracts
Derivative [Line Items]
Gain (loss) on hedged item	0	0	0
Gain (loss) on hedging instrument	0	0	0
Cash flow hedging | Cost of products sold | Forward starting floating-to-fixed interest rate swaps
Derivative [Line Items]
Gain (loss) on hedged item	0	0	0
Gain (loss) on hedging instrument	0	0	0
Cash flow hedging | Cost of products sold | Currency exchange contracts
Derivative [Line Items]
Gain (loss) on hedged item	(1)	(58)	(26)
Gain (loss) on hedging instrument	1	58	26
Cash flow hedging | Cost of products sold | Commodity contracts
Derivative [Line Items]
Gain (loss) on hedged item	(4)	(1)	4
Gain (loss) on hedging instrument	$ 4	$ 1	(4)
Fair value hedging | Net Sales | Interest Rate Swap
Derivative [Line Items]
Gain (loss) on hedged item			0
Gain (loss) on hedging instrument			0
Fair value hedging | Interest expense - net | Interest Rate Swap
Derivative [Line Items]
Gain (loss) on hedged item			8
Gain (loss) on hedging instrument			(8)
Fair value hedging | Cost of products sold | Interest Rate Swap
Derivative [Line Items]
Gain (loss) on hedged item			0
Gain (loss) on hedging instrument			$ 0

DERIVATIVE FINANCIAL INSTRUME_9

DERIVATIVE FINANCIAL INSTRUMENTS AND HEDGING ACTIVITIES- Impact of Derivatives Not Designated as Hedges (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Derivative Instruments, Gain (Loss) [Line Items]
Gain (loss) on derivatives not designated as hedges	$ (14)	$ 57	$ (71)
Currency exchange contracts | Interest expense - net
Derivative Instruments, Gain (Loss) [Line Items]
Gain (loss) on derivatives not designated as hedges	(14)	57	(56)
Commodity contracts | Other expense (income) - net and Cost of products sold
Derivative Instruments, Gain (Loss) [Line Items]
Gain (loss) on derivatives not designated as hedges	$ 0	$ 0	$ (15)

DERIVATIVE FINANCIAL INSTRUM_10

DERIVATIVE FINANCIAL INSTRUMENTS AND HEDGING ACTIVITIES - Amounts Recognized in Other Comprehensive Income and Accumulated Other Comprehensive Loss (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Gain (loss) recognized in other comprehensive income (loss)
Total	$ 216	$ (24)	$ 381
Gain (loss) reclassified from Accumulated other comprehensive loss
Total	31	89	9
Gain (loss) on sale of business | Net Investment Hedging
Gain (loss) recognized in other comprehensive income (loss)
Non-derivative designated as net investment hedges	191	(110)	171
Gain (loss) reclassified from Accumulated other comprehensive loss
Non-derivative designated as net investment hedges	0	0	0
Forward starting floating-to-fixed interest rate swaps | Interest expense - net | Cash flow hedging
Gain (loss) recognized in other comprehensive income (loss)
Derivatives designated as cash flow hedges	5	(2)	202
Gain (loss) reclassified from Accumulated other comprehensive loss
Derivatives designated as cash flow hedges	13	13	4
Currency exchange contracts | Interest expense - net | Net Investment Hedging | Derivatives designated as hedges
Gain (loss) recognized in other comprehensive income (loss)
Amount excluded from effectiveness testing	12	15	0
Gain (loss) reclassified from Accumulated other comprehensive loss
Amount excluded from effectiveness testing	15	12	0
Currency exchange contracts | Net sales and Cost of products sold | Cash flow hedging
Gain (loss) recognized in other comprehensive income (loss)
Derivatives designated as cash flow hedges	(15)	66	13
Gain (loss) reclassified from Accumulated other comprehensive loss
Derivatives designated as cash flow hedges	(1)	64	9
Currency exchange contracts | Gain (loss) on sale of business | Net Investment Hedging | Derivatives designated as hedges
Gain (loss) recognized in other comprehensive income (loss)
Effective portion	19	8	0
Gain (loss) reclassified from Accumulated other comprehensive loss
Effective portion	0	0	0
Commodity contracts | Cost of products sold | Cash flow hedging
Gain (loss) recognized in other comprehensive income (loss)
Derivatives designated as cash flow hedges	4	0	(5)
Gain (loss) reclassified from Accumulated other comprehensive loss
Derivatives designated as cash flow hedges	$ 4	$ 1	$ (4)

RESTRUCTURING CHARGES - Narrati

RESTRUCTURING CHARGES - Narrative (Details) - USD ($) $ in Millions	12 Months Ended			45 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2023
Restructuring Cost and Reserve [Line Items]
Restructuring charges	$ 202	$ 57	$ 33
Estimated charges	$ 475
Restructuring Charges, Statement of Income or Comprehensive Income [Extensible Enumeration]	Cost of products sold, Other Nonoperating Income, Research and Development Expense, Selling, General and Administrative Expense
Workforce reductions
Restructuring Cost and Reserve [Line Items]
Restructuring charges	$ 120	19	(13)
Estimated charges	183
Plant closing and other
Restructuring Cost and Reserve [Line Items]
Restructuring charges	83	$ 38	$ 47
Estimated charges	$ 90
COVID-19
Restructuring Cost and Reserve [Line Items]
Restructuring charges				$ 382
COVID-19 | Workforce reductions
Restructuring Cost and Reserve [Line Items]
Restructuring charges				199
COVID-19 | Plant closing and other
Restructuring Cost and Reserve [Line Items]
Restructuring charges				$ 184

RESTRUCTURING CHARGES - Restruc

RESTRUCTURING CHARGES - Restructuring Program Charges (Details) - USD ($) $ / shares in Units, $ in Millions	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Restructuring Cost and Reserve [Line Items]
Total before income taxes	$ 202	$ 57	$ 33
Income tax benefit	43	11	4
Total after income taxes	$ 160	$ 46	$ 29
Per ordinary share - diluted (USD per share)	$ 0.40	$ 0.11	$ 0.07
Workforce reductions
Restructuring Cost and Reserve [Line Items]
Total before income taxes	$ 120	$ 19	$ (13)
Plant closing and other
Restructuring Cost and Reserve [Line Items]
Total before income taxes	$ 83	$ 38	$ 47

RESTRUCTURING CHARGES - Restr_2

RESTRUCTURING CHARGES - Restructuring Program Charges Related to Segments (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Restructuring Cost and Reserve [Line Items]
Restructuring charges	$ 202	$ 57	$ 33
Operating segments | Electrical Americas
Restructuring Cost and Reserve [Line Items]
Restructuring charges	12	5	17
Operating segments | Electrical Global
Restructuring Cost and Reserve [Line Items]
Restructuring charges	88	26	14
Operating segments | Aerospace
Restructuring Cost and Reserve [Line Items]
Restructuring charges	9	5	8
Operating segments | Vehicle
Restructuring Cost and Reserve [Line Items]
Restructuring charges	40	6	(15)
Operating segments | eMobility
Restructuring Cost and Reserve [Line Items]
Restructuring charges	25	7	1
Corporate
Restructuring Cost and Reserve [Line Items]
Restructuring charges	$ 29	$ 8	$ 8

RESTRUCTURING CHARGES - Liabili

RESTRUCTURING CHARGES - Liabilities Related to Restructuring (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Restructuring Reserve [Roll Forward]
Balance at beginning of period	$ 41
Liability recognized, net	202	$ 57	$ 33
Payments, utilization and translation	(141)
Balance at end of period	103	41
Workforce reductions
Restructuring Reserve [Roll Forward]
Balance at beginning of period	35
Liability recognized, net	120	19	(13)
Payments, utilization and translation	(59)
Balance at end of period	96	35
Plant closing and other
Restructuring Reserve [Roll Forward]
Balance at beginning of period	6
Liability recognized, net	83	38	$ 47
Payments, utilization and translation	(81)
Balance at end of period	$ 7	$ 6

GOVERNMENT GRANTS (Details)

GOVERNMENT GRANTS (Details) $ in Millions	12 Months Ended
	Dec. 31, 2024 USD ($)
Government Assistance [Abstract]
Decrease in selling and administrative expense	$ 1
Government assistance deferred income, liability, current	$ 9

BUSINESS SEGMENT INFORMATION -

BUSINESS SEGMENT INFORMATION - Business Segment Information (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Business Segment Information
Net Sales	$ 24,878	$ 23,196	$ 20,752
Other segment items	15,375	14,762	13,865
Pension and other postretirement benefits income	(24)	(15)	(54)
Restructuring program charges	(202)	(57)	(33)
Income before income taxes	4,566	3,827	2,911
Income tax expense	768	604	445
Net income	3,798	3,223	2,465
Less net income for noncontrolling interests	(4)	(5)	(4)
Net income attributable to Eaton ordinary shareholders	3,794	3,218	2,462
Electrical Americas
Business Segment Information
Net Sales	11,436	10,098	8,497
Electrical Global
Business Segment Information
Net Sales	6,248	6,084	5,848
Aerospace
Business Segment Information
Net Sales	3,744	3,413	3,039
Vehicle
Business Segment Information
Net Sales	2,790	2,965	2,830
eMobility
Business Segment Information
Net Sales	662	636	538
Operating segments
Business Segment Information
Net Sales	24,878	23,196	20,752
Other segment items	18,919	18,103	16,556
Segment operating profit (loss)	5,959	5,093	4,196
Operating segments | Electrical Americas
Business Segment Information
Net Sales	11,436	10,098	8,497
Other segment items	7,981	7,423	6,584
Segment operating profit (loss)	3,455	2,675	1,913
Restructuring program charges	(12)	(5)	(17)
Operating segments | Electrical Global
Business Segment Information
Net Sales	6,248	6,084	5,848
Other segment items	5,099	4,908	4,714
Segment operating profit (loss)	1,149	1,176	1,134
Restructuring program charges	(88)	(26)	(14)
Operating segments | Aerospace
Business Segment Information
Net Sales	3,744	3,413	3,039
Other segment items	2,885	2,633	2,334
Segment operating profit (loss)	859	780	705
Restructuring program charges	(9)	(5)	(8)
Operating segments | Vehicle
Business Segment Information
Net Sales	2,790	2,965	2,830
Other segment items	2,288	2,483	2,377
Segment operating profit (loss)	502	482	453
Restructuring program charges	(40)	(6)	15
Operating segments | eMobility
Business Segment Information
Net Sales	662	636	538
Other segment items	669	657	547
Segment operating profit (loss)	(7)	(21)	(9)
Restructuring program charges	(25)	(7)	(1)
Corporate
Business Segment Information
Intangible asset amortization expense	(425)	(450)	(499)
Interest expense - net	(130)	(151)	(144)
Pension and other postretirement benefits income	40	46	43
Restructuring program charges	(29)	(8)	(8)
Other expense - net	$ (675)	$ (654)	$ (653)

BUSINESS SEGMENT INFORMATION _2

BUSINESS SEGMENT INFORMATION - Identifiable Assets, Capital Expenditures for PPE, and Depreciation of PPE by Segment (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Segment Reporting Information [Line Items]
Total assets	$ 38,381	$ 38,432	$ 35,014
Goodwill	14,713	14,977	14,796
Other intangible assets	4,658	5,091	5,485
Total expenditures for property, plant and equipment	808	757	598
Total depreciation of property, plant and equipment	446	429	408
Operating segments
Segment Reporting Information [Line Items]
Total assets	13,178	12,121	10,804
Total expenditures for property, plant and equipment	766	721	571
Total depreciation of property, plant and equipment	409	386	364
Corporate
Segment Reporting Information [Line Items]
Total assets	5,833	6,243	3,929
Total expenditures for property, plant and equipment	42	36	28
Total depreciation of property, plant and equipment	37	43	44
Electrical Americas
Segment Reporting Information [Line Items]
Goodwill	7,396	7,415	7,402
Electrical Americas | Operating segments
Segment Reporting Information [Line Items]
Total assets	4,933	4,163	3,655
Total expenditures for property, plant and equipment	362	309	181
Total depreciation of property, plant and equipment	118	108	101
Electrical Global
Segment Reporting Information [Line Items]
Goodwill	3,842	4,038	3,929
Electrical Global | Operating segments
Segment Reporting Information [Line Items]
Total assets	3,233	2,868	2,658
Total expenditures for property, plant and equipment	163	142	151
Total depreciation of property, plant and equipment	102	96	94
Aerospace
Segment Reporting Information [Line Items]
Goodwill	2,856	2,901	2,844
Aerospace | Operating segments
Segment Reporting Information [Line Items]
Total assets	2,392	2,276	1,859
Total expenditures for property, plant and equipment	83	97	92
Total depreciation of property, plant and equipment	70	69	64
Vehicle
Segment Reporting Information [Line Items]
Goodwill	285	289	287
Vehicle | Operating segments
Segment Reporting Information [Line Items]
Total assets	1,987	2,251	2,230
Total expenditures for property, plant and equipment	94	96	95
Total depreciation of property, plant and equipment	95	92	89
eMobility
Segment Reporting Information [Line Items]
Goodwill	333	334	334
eMobility | Operating segments
Segment Reporting Information [Line Items]
Total assets	633	563	402
Total expenditures for property, plant and equipment	64	76	52
Total depreciation of property, plant and equipment	$ 24	$ 21	$ 16

BUSINESS SEGMENT INFORMATION _3

BUSINESS SEGMENT INFORMATION - Geographic Region Information (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Revenues from External Customers and Long-Lived Assets [Line Items]
Net Sales	$ 24,878	$ 23,196	$ 20,752
Long-lived assets	3,729	3,530	3,146
United States
Revenues from External Customers and Long-Lived Assets [Line Items]
Net Sales	15,151	14,071	12,353
Long-lived assets	1,990	1,773	1,567
Canada
Revenues from External Customers and Long-Lived Assets [Line Items]
Net Sales	1,058	949	754
Long-lived assets	31	31	25
Latin America
Revenues from External Customers and Long-Lived Assets [Line Items]
Net Sales	1,680	1,549	1,504
Long-lived assets	465	476	383
Europe
Revenues from External Customers and Long-Lived Assets [Line Items]
Net Sales	4,530	4,339	3,957
Long-lived assets	790	797	711
Asia Pacific
Revenues from External Customers and Long-Lived Assets [Line Items]
Net Sales	2,459	2,288	2,185
Long-lived assets	$ 453	$ 453	$ 460